No wonder Friedcat doesn't get any sleep.
It is his own fault for creating such a successful business. Sleep is for failures. |
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About half an hour left to bid!
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Would it be too much to ask friedcat that he does indeed own 1 ASICMiner share?
I could sign something with the address that has been receiving the dividends, would that be definitive enough? |
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Tried sending BTC to BitStamp and the ripple client tells me "No path found" no matter what I put in, even 0.1 BTC. What am I doing wrong?
What type of BTC are you trying to send to them? If you hold BitstampBTC then it should go through (make sure you are using the right address, I think they have a different one for each currency). If you do not hold BitstampBTC, then that means you do not hold any BTC they trust. |
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Can imagine selling carbon suits to marathoners in the future can become a profitable business.
Protect yourself from terrorist attacks, get your carbon suit today!
I think Kevlar is used for projectile protection... Are you saying that since this is not kevlar it will not be as good for protection, or are you saying that this will protect against projectiles not explosions, or are you agreeing with the previous statement? What are you saying??? Finish your damn sentence! |
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^Exactly. The formula is even laid out in the FAQ page.
But as I'm trying to explain, it depends on later bets.. so if you just blindly calculate the win at time of your bet and base your decision on it, you can mislead yourself. But that is what everybody is doing right now. When I go look at a bet, I of course have no way to measure what people will bet in the future, but I can make some sort of estimate on "If I bet X now and I win, I will get back Y". Since the formula is complicated, it makes it hard to figure out what Y would be, but before placing any bet I at least try to estimate Y. It would just be so much easier if there was a simple calculator on the site which would do that calculation for me, so I can decide if I want to make the bet or not. I know it is just an estimation that would be changed by any future bets, but it would be a better estimation than what I am doing in my head. |
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Sheesh, this is really technical stuff, I always wondered where those transaction fees went.
Actually, that is an easy question to answer: the transaction fees go to whichever miner publishes the block which contains your transaction. |
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Just to nitpick a bit, this will not be as protective against electromagnetic waves as a tinfoil hat. Maybe you could line the inside with a layer of tinfoil?
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FAQ:
Q: Is this a direct share or a pass-through?
A:This is a direct share.
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It's still down?
It definitively is up for me! It's up, but I don't think bets are going through..and haven't been for the past few days. I wonder how this will effect their bottom line this month...I imagine I'll find some cheap shares on some of the passthroughs as the end of the month approaches  Bets are going through, as evidenced by dooglus' script... and in the last day their profits went from 2100~BTC to 2900~BTC. Please get facts straight before posting things like this. Or you could check the latest block at Blockexplorer and notice that there are lots of Satoshidice addresses. |
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So how light is that hat?
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Hi, I have 1 share of ASICMINER I would like to sell. Forum thread about what ASICMINER is: https://bitcointalk.org/index.php?topic=99497.0Minimum bid is 0.75 btc, minimum bid incriment of 0.05 btc. Bidding ends 2013-04-18 at 7:00 EDT. |
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I can really overcomplicate this question by saying electricity costs are increasing and so on, but I'll make this real simple. If the system requires nodes doing crypto work to verify the coin and transaction and all that, and as a reward for contributing to this hive, the owner gets bitcoins, what happens when you reach the final bitcoin? So as the returns on investment diminish, why do people keep doing it? And if they all decide to stop, what happens to the value of a currency that depends on the hive in order to make transactions possible?
Thanks.
Check out the latest block at http://blockexplorer.com/block/00000000000000f8f03160bad84c04d7fe33a76251dd43b4c9d5f5edcab819db, the first transaction listed is always the block reward. This block got 1.1% of their reward from transaction fees. As time goes on, the block subsidy will go down, currently it is 25 btc and it is halved about every 4 years. As the block subsidy goes down a larger and larger percentage of block rewards will come from the transaction fee portion. If the block reward is not high enough for mining to be profitable, then the most inefficient miners will drop out and the difficulty will adjust downward, so the most efficient miners will always remain profitable. |
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The price seems quite stable for the last few hours, 80 - 90. What does brief stability mean in a market like bitcoins?
It seems to me that there's a massive wall at 70 and there's a massive wall at 95. Unless we get some big bad or good news we might hang around 70 something to 90 for a while, but why 70 - 90?
What the are you talking about? A 10% range is not stable, and a few hours is nothing. In the news today Apple shares are crashing today, they are down 5%. Look at that again, 5%. Whatever you want to call the bitcoin market, stable is not the right word. It's certainly stable compared to the last few days, though, which I believe is the point he was trying to make. But even when the price is moving >100% in a day there are a couple hours at a time when the price remains "relatively stable". If the price is not moving right now it just means that the graph you are looking at is lagging behind the market trend. |
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The price seems quite stable for the last few hours, 80 - 90. What does brief stability mean in a market like bitcoins?
It seems to me that there's a massive wall at 70 and there's a massive wall at 95. Unless we get some big bad or good news we might hang around 70 something to 90 for a while, but why 70 - 90?
What the are you talking about? A 10% range is not stable, and a few hours is nothing. In the news today Apple shares are crashing today, they are down 5%. Look at that again, 5%. Whatever you want to call the bitcoin market, stable is not the right word. |
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^Exactly. The formula is even laid out in the FAQ page.
Having pointed this out, I feel like bitbet.us would eventually lose out to a site that works as an exchange between bettors instead of this current system. I believe this is how InTrade worked before it was shut down. I think most bettors like the idea of knowing how much they can win from their bet when the bet is placed.
InTrade was shut down, what? Wow, didn't see that coming. From http://www.economist.com/news/finance-and-economics/21576148-flagship-prediction-market-faces-insolvency-bet-lynched: " It turned out that the firm had followed in the footsteps of MF Global, a derivatives broker, and Worldspreads, a spread-betting outfit, which both collapsed in 2012 after committing the cardinal sin of dipping into their clients’ accounts.
Intrade’s fall from grace is likely to discourage American participants from sending money to offshore firms. In the past the CFTC has rejected requests from companies under its jurisdiction to offer non-financial contracts." Maybe there would be a way to do both, have the betting as it is now and add on a second set of bets with a more InTrade like functionality? Sounds like there is a sudden opening in internet real estate that is just begging to be filled by a bitcoin company. |
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Have there been any discussions on making the bet formula a bit simpler? Perhaps showing Decimal or American odds instead of the current weight system. I feel like people would be more likely to place a bet if it was easy to understand their possible winnings. It would also be nice if the possible outcome of the bet was displayed on the page where you type in your bitcoin address. For example, if the odds were 50/50 and you placed a 1btc bet it would say something about how you get 2 btc if you win the bet. This kind of thing seems to be readily available on most of the sports gambling websites I have used in the past, and it is always a welcomed feature.
It is not possible to calculate possible win in advance, because the odds are changing every time a new bet is made - 50/50 bet can change to 10/90 when someone bets large sum on one side. To simplify it, first without considering weights, if that large bet was on your side and you win, you'll get only 1.1btc. If that bet was on opposite(losing) side, you'll get 9btc. When you add the weights into consideration, if you bet early, later bets influence your expected return less and less as time passes. That's the beauty of it. But you should be able to at least have some sort of calculator which calculates how much you would win if you bet X btc now. There is a formula which the website uses, put it into a javascript or something and let the computer figure this out. There is no reason for people to have to guess how things are calculated and try to do such complicated math in their head. Put a big disclaimer that actual results could be changed by people betting in the future and you should be okay. |
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Dividends thus far:
Div Pay Dates Div/Share
02/29 (IPO) 0.023545
03/06 (IPO) 0.019163
03/13 (IPO) 0.023786
03/20 (IPO) 0.025998
03/24 (IPO) 0.007508
03/27 0.003775
04/03 0.002556
04/10 0.006956
And Today:
04/17 0.00696732
So what exactly is making AM shares worth 1.6+btc? Did you see the auction thread? They are set to have a 600 btc revenue come in from selling 100 ghash of mining power (10 units of 10 GHash at at least 60 btc each), auction will be done in the next couple days. |
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The place I work is currently developing a process that will produce carbon fibers at (estimated) 50% less cost than current processes (and it looks like it will result in better properties as well). I am excited to see what will be made with carbon fibers as they get cheaper. I would love to have a carbon fiber bike.
Guessing you mean bicycle and mot motorcycle. There's probably some really cool tricks you could do to absorb and re-apply pulse loads with that, something like the racing prosthetic legs that get quicker times than able bodied runners. Yeah, I was thinking bicycle. But it would be really cool to make a motorcycle with a carbon fiber frame and a small OPOC diesel engine (very high power to weight ratio and also very efficient), that would be light and zippy. |
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The place I work is currently developing a process that will produce carbon fibers at (estimated) 50% less cost than current processes (and it looks like it will result in better properties as well). I am excited to see what will be made with carbon fibers as they get cheaper. I would love to have a carbon fiber bike.
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