log☇︎
982300+ entries in 0.728s
mircea_popescu: Diablo-D3 yea, somebody won like 10btc cause of it too.
mircea_popescu: what do you think, "everyone's a people so nobody should get 1k" ?
mircea_popescu: no, you seem to overestimate the normalisation.
Bugpowder: and the profit potential
Anduck: mircea_popescu: people seem to overestimate the fees you get paid
mircea_popescu: lol beat you to it.
Bugpowder: VCs fund on the basis of the team
gribble: BTCUSD ticker | Best bid: 14.06200, Best ask: 14.13899, Bid-ask spread: 0.07699, Last trade: 14.13899, 24 hour volume: 51724.88009833, 24 hour low: 13.77000, 24 hour high: 14.32000, 24 hour vwap: 14.04826
mircea_popescu: Anduck with new sites what matters is who's starting them.
assbot: Provide exchange and ticker.
Anduck: i mean what the duck people
Anduck: and u sold like 17% of them..
mircea_popescu: 82% something like that
jurov: *coinbr users are kindly asked to check their orders*
Anduck: mircea_popescu: how much % of the bitbet you and kakobrekla still own after ipo?
mircea_popescu: doesn't on the face of it mean anything other than you werw wrong.
Bugpowder: sold thru
mircea_popescu: dude srsly, we get it. you were blown away by the market.
Anduck: i can only say that people are truly stupid.
assbot: If the milk turns out to be sour, I aint the kinda pussy to drink it.
lyspooner: what's this bbet thing
assbot: If the milk turns out to be sour, I aint the kinda pussy to drink it.
Anduck: but really.. that's just nonsense
mircea_popescu: 1`096.34040552 btc total, 1800436 share count
Bugpowder: but when the market went up
Bugpowder: everyone tried to sandbag
mircea_popescu: mkay, fuck this, im doing the math.
Namworld: could flip those for 35 BTC easily
Anduck: Namworld: sell them supafast
Bugpowder: we should do this every day
mircea_popescu: dude this ipo will go down in history.
mircea_popescu: o, profit taking
tzui: ol I thought 0.0005 was expensive
mircea_popescu: ok if everyone's done moving i can make the reports ?
Anduck: Diablo-D3: i hope even you can see the NOSENSE AND STUPIDITY here, right???? right??? RIGHT???
mircea_popescu: Anduck you fail to grasp the power of mpex.
Anduck: mircea_popescu: think.. really people pay 10k USD for bitbet shars I AM TRULY AMAZED NOW
dub: its this still IPO?
mircea_popescu: i was just doing the sumups lol
mircea_popescu: ok, so ipo results : 1420000 shares sold, 671.58363400 total shit
Bugpowder: I need a password that is easier to type
mircea_popescu: heh i guess so. next on the list, that.
mircea_popescu: i guess twitter crapped out ?
mod6: here they come!
kakobrekla: stop teasin assbot
jurov: not animated. you have to refresh
kakobrekla: how 'live' is this?
tzui: some buys don't make any sense there are huge gaps
mircea_popescu: im kind of excited, see if this fucks up lol
mircea_popescu: entertainment added too.
mircea_popescu: can't say i haven't heard that before.
tzui: either mircea is manipulating or there are some big time idiots bidding
mircea_popescu: same model that pushed mpex.
tzui: are you the lead developer of bitbet?
Namworld: I just don't see much demand for that elsewhere either in bitcoin, at least for now.
Namworld: Well, for sport events, there is a lot of demand.
Namworld: Well, gamblers are often impatient... hence why they gamble instead of buying a S.DICE share... they want to win right away, get more.
mircea_popescu: so... yeah. that figure's mostly meaningless.
mircea_popescu: well, in simple terms : it has half the fee of s.dice and about twice the fun
Namworld: Hmm. Because I don't see that much demand for event betting.
Namworld: I'd expect it to be lower. Maybe 300-600.
mircea_popescu: i woulsdn't put much weight on 5 days extrapolarted to 1 year
Namworld: I grossly rounded the number but eh
mircea_popescu: well then it must indeed be a real business.
jurov: top 10 ideas with highest buoyancy as teh manager say
thestringpuller: they being my bosses, said it was on some top 10 list
thestringpuller: i was told at work today airbnb is on the up and up
dub: powering my GPUs costs more than that
mircea_popescu: people love trilema.
mircea_popescu: "* I have taken the unusual step in this case of not linking to this racist lunatic's foul-mouthed outpourings which I've had the misfortune of stumbling across previously."
dub: dj dub's acid test of genre longevity: if I can mix it flawlessly without the use of ears, watching the waveform in serato only, its doomed
dub: jcpham: trap is the new dubstep
mircea_popescu: on the other, if it's too large people wil ljust skip the bet.
mircea_popescu: Bugpowder re the vig thing : it's not that simple. on one hand it will have to cover btc free rate
mircea_popescu: this in principle is true
Bugpowder: and you want to minimize the amount the odds change when other people bet, to encourage them from making bigger bets
Anduck: yeah it was a bet i got the btc parts from =D
Bugpowder: with any time decay, you get free odds
Bugpowder: It is beneficial for the proposer to place as much capital as possible on the bet
Bugpowder: BUt there are some simple point
Bugpowder: so a whitepaper on bitbet might not be in the cards
mircea_popescu: i doubt anyone cnat raed well enough to actually copy your shit.
Bugpowder: starting tomorrow I am going to be spending a lot of time on a startup idea
mircea_popescu: but 20 btc ain't modest! it's like over 9 thousand hashes!
mircea_popescu: i was just about typing i'll send you a modest btc sponsorship
Bugpowder: What is the optimal decay rate for a single event at a scheduled time in the future
mircea_popescu: kinda the idea of decay in the first place.
Bugpowder: The cool thing about variable delay is that the decay basically functions as a vig for the early bettors (like the proposer)
Bugpowder: Going to market make for NFL bets next round. Hopefully the shallower decay curve will encourage more voting due to better EV throughout the betting period
Bugpowder: I am freaking stoked for the variable decay
mircea_popescu: the proposer gets the smaller side.
mircea_popescu: split accordsing to some evaluation of odds.
mircea_popescu: no, the .1 is total.
Namworld: oh, the .1 is bet on one side
mircea_popescu: at most house loses .9 btc per bet if the odds are split 9:1 and the unlikely side prevails.
Namworld: That means bets under a 10 BTC total are a loss
mircea_popescu: each bet receives .1 btc from the house.
Namworld: hmm... what is this 7.5 BTC outlay?
mircea_popescu: i think this is called making bitcoinz hand over fist.
jurov: ..till mircea starts to ask google for payment