983400+ entries in 0.668s
midnightmagic: Canada is not fine.
The moron voting public voted in Harper based on promises of infrastructure investment which haven't materialized, and now we have a rapidly deteriorating legislature which consists of a bunch of idealogical idiots essentially ignoring
the entire canadian public and dismantling some of our most cherished institutions and rights.
Namworld: Possible, my english might not be
that good.
Bugpowder: China doing pretty well compared
to 70s as well
Bugpowder: Compared
to
the race riots of
the 60s and 70s, I
think we are doing pretty damn well
Namworld: Everything is always fine in Canada... nothing much happening. Just people saying "Eh?" all
the
time and mooses.
Dr-X: some bets on satoshi show up 3
times in recent
mircea_popescu: Dr-X
thing is i was of
the same persuasion before discovering btc.
mircea_popescu: they're getting riots almost on par with
the us by now.
mircea_popescu: plenty of dead walking, and it's impossible not
to do business with
them
Bugpowder: although much has be given
to fed at par
Bugpowder: the banks have a shitload of bad loans
that are not being marked
to market
mircea_popescu: basically
this is exactly btc economy cca july : everyone's balance sheets were all
time flush with cash
Dr-X: no
they're not bankrupt,
they have a shitload of own equity
mircea_popescu: no,
they won't fail,
they just poison
the economy with worthless receipts
Dr-X: they do
too, bank stocks are
the best right now
Bugpowder: except
those with financial exposure
mircea_popescu: Bugpowder not if you properly account for
the currency risk
Namworld: I'd be surprised if
there was less
than a million left...
Bugpowder: Corp balanace sheets are basically all
time healthiest
Dr-X: no growth assumed when
the price per btc doubles it will be worth 250k btc and 6,500,000 dollarz?
Dr-X: how do value a company, it is worth 500k btc and 6,500,000 dollar (easier
to calculate)
Namworld: Hmm,
than
that makes it more USD safe, but you'd earn less if BTC prices rise.
Dr-X: yeah, but my fear is
that
the price of
the share will go down, when
the price per btc goes up
gribble: BTCUSD
ticker | Best bid: 13.68386, Best ask: 13.81000, Bid-ask spread: 0.12614, Last
trade: 13.81000, 24 hour volume: 41310.15984901, 24 hour low: 13.40400, 24 hour high: 13.81000, 24 hour vwap: 13.59046
Namworld: People seem
to bet just as much BTC when it's 1$ per BTC or if it's 20$ per BTC
mircea_popescu: Dr-X
they're purely btc businesses.
the dollar don't enter into it.
mircea_popescu: s,mpoe went up like 3000% while
the btc went up like 300% in dollars.
Dr-X: and what happens if
the bitcoin price in dollar rises? price of
the stock goes down?
Bugpowder: Man, my matlab bet optimizer doesn't handle
the
time decay
mircea_popescu: at
the rate it;s going atm, it will do
that in ~10 years
Namworld: At
that price for BBET, 10 million would cost 2775 BTC. BBET would need
to get 277 500 BTC in bets
to get
that back in fees for dividends...
Bugpowder: I
think he will not roll it all in
Namworld: Where will be
the cheap blocks D=
Namworld: If he puts it in SD, might not be such a bad deal. SD will probably remain a major Bitcoin betting site for a long
time.
mircea_popescu: on
the other hand, losing all your money is not
the same as losing a
third.
Dr-X: you can burn your fingers with bitcoin, if you buying
them with hard earned money
mircea_popescu: the rationale being
that 100k put into btc now will make you "just as rich" as 300k put into btc now.
Bugpowder: I really set
the hook in my friend last night. Now he's
thinking of rolling his 401k into self-directed IRA and putting it in bitcoins :)
Dr-X: if you look for ltc dices,
the biggest one accepts 50 LTC lol.
mircea_popescu: <Bugpowder> its
the only place with a bankroll big enough for whales <<
that's what i do.
Bugpowder: its
the only place with a bankroll big enough for whales
Bugpowder: probably
the variance goes down about 2-3x
Bugpowder: I
think you can still get some wild swings
Bugpowder: glad
they raised max bet
to compensate
mircea_popescu: Bugpowder
they changed
the lucky number
thing for better dispersion
Dr-X: you just bet on both and
trade on sport betting sites :P
Dr-X: but idk how
that works out with weigthed bets
Dr-X: only
two outcomes, not like football
Dr-X: yeah
tennis is nice
to bet on
kakobrekla: perhaps
tennis will get some
traction
too
Dr-X: from what I see sport bets work better
than
those sily bets ;)
Dr-X: 14th
to 27th january australian open, but idk if you want
too many sport bets
Dr-X: australian open is soon, so maybe some
tennis?
Dr-X: yeah, just made more. I
think I gave you 0.2 for
the lulz :P
kakobrekla: been buged about
this for a couple of
times now
Dr-X: thx, yeah was searching for
that ;)
kakobrekla: i will add order by bets sum in
teh order by field in
the browse soonish
Dr-X: to see where's
the money at
mircea_popescu: one day some of us were chatting and
this girl said about her uncle or w/e
that
they're relatively related.
Dr-X: cool, checking out
the bets. I
think I'm calling my relatives from
the andromeda galaxy
to visit me soon.
Dr-X: Can I bet
there without making an account?
kakobrekla: Your bet will appear in
the confirmed bets list shortly after 1st confirmation.
mircea_popescu: i kinda liked it myself, but... yeah. nothing
to be done.
kakobrekla: the logo doesnt go over
the banner anymore, no.
Dr-X: in germany suicide is covered after 3 years, before
that only if you're crazy
Dr-X: he could go
to a country where suicide is covered by life insurance
mircea_popescu: jcpham now why'd you do
that ? houses of cards are dafty.
mircea_popescu: you have no business keeping
too much money on "exchanges"
jcpham: i live at
the very
top of a house of cards