log☇︎
998900+ entries in 0.664s
smickles: BTC-Mining: 20:16 < Lyspooner> give me some sort of bitcoin friday 25% guarantee <<< that's how so ;)
Garr255: That would be cool, but I think it'll be best to keep it as straight forward as possible.
kakobrekla: "fun and profit" seems like something is missing in that phrase... aa i got it "fun, profit and milk"
jurov: Garr255, you can incorporate mpex bonds in the game.. for fun and profit
kakobrekla: not gonna stand in the way just a word of warning
kakobrekla: add "for you" at the end of first statement
Garr255: definitely don't ever treat a game like this as an "investment"
Garr255: kakobrekla, for some people it won't, for others it will. that's how these games work.
kakobrekla: i dont see how this could possibly end well
Garr255: but the game is going well, off to a bit of a slow start though
Garr255: hey kakobrekla, well its not a "ponzi" see the latest post: https://bitcointalk.org/index.php?topic=123654.msg1329823#msg1329823
jurov: the K.KBRL plot thickens
kakobrekla: o hey Garr255 hows the ponzi doing
jurov: if btctalk enabled instant candy transfers, it would melt down
jurov: more useful is trading passwords for candy
smickles: thestringpuller: that is likely going to be 90% or more for 'mericans
thestringpuller: 43% of canadians would rather have bacon than sex
mircea_popescu: look how well that worked for him.
mircea_popescu: tell you what,nefario had great pr on THE forum
Lyspooner: is that why you have such great PR work on the forums
mircea_popescu: not really. you need a lot more credibility to make a mpex than to trade usd for btc or back
Lyspooner: ok, but for the same reasons there may be many stock exchanges to compete against mpex
mircea_popescu: understand, it's not like i have a deathwish for mtgox or anything. they're doing something valuable and so on.
mircea_popescu: i agree, they may diversify into other areas
mircea_popescu: in bitcoin, there's no license.
Lyspooner: mtgox merchant solutions is a nice component of their business
mircea_popescu: for instance, irl an exchanger is bled try in taxes and reg costs, but also protected, because you need a license to do it.
mircea_popescu: and also because irl currency exchanges are in a much better relation to the respective govts
Lyspooner: well if it is a fair analogy then it has been a fair analogy for the past two years
mircea_popescu: indeed, because mpex also has the mpoe wing.
Lyspooner: i could compare their earnings, yes
mircea_popescu: ok. do you see how one of them would compare to the stock exchange ?
mircea_popescu: <jurov> cause mircea is exponential <<< lol phrase of the year.
Lyspooner: from BFL apparently: ""We'll notify you at least a week before your order is ready and you can send your FPGA in. We are working on a way to cross ship you the device, so you don't have any downtime. It will probably involve you sending us BTC for the amount of the device and we'll refund the BTC when we get your FPGA unit back."
Lyspooner: i didn't follow the numbers
Lyspooner: so why should you be worth more than mtgox?
Lyspooner: i'd like to drive a cat
mircea_popescu: after that all that's left is herding cats.
jurov: i'm just poking some fun to lyspooner
jurov: and that noisy exhaust... too, prolly
jurov: uhm, i was ging to fix slightly recessed roof tomorow... perhaps that can wait a month
Lyspooner: um that's not true
jurov: so, i just sold my 14yr old daewoo to lyspooner
jurov: okay. and if fsa gets you,. i'll send it to them.
kakobrekla: you are better off keeping the money
jurov: good. thanks!
jurov: so that means 53BTC due on 11 December 2012?
kakobrekla: well ... its not terribly attractive yet not something to pass along
jurov: sorry kakobrekla, you're right, i confused it woth the loan we did w/smickles.
jurov: smikles, before. but i also have > 100k sell orders there and the collateral isn't counting them
smickles: mircea_popescu: you so sure we were calcing the same thing?
smickles: damn jurov was that stat b/f or after our thing?
kakobrekla: ill take 9 over 6
kakobrekla: hm, 2.9 is per 14 days or 11 that is remaining
jurov: mircea, no , on 1st dec i am to repay 102.9
Lyspooner: 2011 was a scary time to be in euro
mircea_popescu: BTC 100.00000 @ 2.9% is that per month ?
mircea_popescu: lots of people were expecting to see $1
mircea_popescu: for anyone that still remembers april times tho... it was a really scary time to be in bitcoin.
jurov: there's final amount shown too
kakobrekla: smickles i was asking myself the same
smickles: on btcjam, that %, is that the term % or a yearly %?
kakobrekla: jurov if you need 100 btc i can lend it to you for a month
mircea_popescu: i think jurov ?
mircea_popescu: loan it to who was looking for
jurov: kakobrekla, you want longer term?
Lyspooner: more than reasonable
smickles: 25% sounds reasonable considering the recent losses
jurov: kakobrekla, you mean the loan? of course
mircea_popescu: haha well nothing stops you from trying.
kakobrekla: jurov, do you take direct deposits
Lyspooner: or any day, for that matter
Lyspooner: i don't know. with mpoe loaded up short calls, i can't expect mircea to not mess around with mtgox on final settlement day
smickles: Apr 05 22:50:39 {Cusipzzz}i, for one, welcome our stable bitcoin overlords << lol, good line to end on
smickles: Lyspooner: you lookin' to throw some btc at MPBOR?
thestringpuller: were they all calls that were bought?
thestringpuller: they is gonna resell those contracts at sky high prices
smickles: no one is selling/buying them
thestringpuller: why are a lot of the options n/a?
thestringpuller: smickles: UGH I think I'm not synched up to our timezones
jurov: it did not occur to me to check the signature :/ and it's true user's pubkey is used, so it's necessary
mircea_popescu: i thought it had it ?
smickles: jurov: you use pympex too, don't you?
jurov: put my whole opinion there.
kakobrekla: Create the page "Katz" on this wiki!
kakobrekla: There were no results matching the query.
kakobrekla: ah didnt you listen to katz
mircea_popescu: smickles nobody on mpex can release more than 50%
kakobrekla: not what i heard for measuring trust mp
smickles: and, mircea_popescu, didn't you pledge to never release control of 50% the total shares during the initial offering?
mircea_popescu: jurov but i think in a world where absolutely NO OTHER measure exists or is used, this measure, flawed as it may be, is much better.
mircea_popescu: but anyway : obviously the value of all items in btc will be more than the total btc.
smickles: shouldn't we be calcing the free float market cap (or as close as we can get to it) rather than implied value?
jurov: mircea, it's too much uncertainty... and if all major btc companies extrapolated this way i suspect we'll ended with number several times beyond btc in circulation
mircea_popescu: why do you think 14k bitcoins aren't enough to extrapolate based on ?
mircea_popescu: on the other hand
mircea_popescu: from the last statement
jurov: now I guess it's 1-2% at most... then it's quite exaggeration to extrapolate mkt value from it
jurov: mircea, how many mpoe shares you actually sold? the IPO was only 1 promile, and that was twice I think
jurov: i'll pay someday... when i decide it's necessary to support poor romanian kids