hey, it's been a while, when's chapter 3 coming?  |
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oh and of the others, the only one that's easy to calculate without making a bunch of assumptions about the probabilities of the underlying events in the powerball lottery. if winning one is 1/80M, then winning 5, each of which has the same probability, is (1/80M)^5 == 3.0517578125e-40, which is roughly 10^27 times more likely than the 'random shuffling creating the exact same order of cards as before' bit.
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A is 1 in 52! which makes it less likely than 5 power balls. I don't even know how to measure the others at all.
A is not 1 in 52. assuming that a "shuffling" produces a random ordering of the cards, you randomly produce 1 out of the 52! possible orderings of the 52 cards. that's 52 factorial, not "52 excited exclamation". which comes out to roughly 8.0658175170945e+67 - that's 8 with 67 zeros following it. now, let's get back to our regularly scheduled programming. EDIT: sorry, i completely missed the ! after /your/ 52 and thought you said "1 in 52". my bad. i must be getitng blind in my old age. |
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https://lwn.net/Articles/414452/I clicked a link to read a bitcoin related article and I was blocked by a paywall. I thought it was funny that someone wrote an article about bitcoin without realising they could be paid in bitcoin!  It is a timed paypwall - the article will be avaiable in 1 week. I would have paid them bitcoins to read it now.... why don't you email them and suggest it? |
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some admin please remove the spam 2 posts above me from hunter8br. the link in his sig is spam.
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and on top of all that... pgp is even optional. but it doesn't hurt to have a pgp key on file, for that extra bit of identity verification on top of what the irc network does. |
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got 100 btc from noagenda. thank you! |
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Another service for bitcoin-otc: there is now a web-of-trust for OTC users. See http://trust.bitcoin-otc.com/Thoughts and comments welcome. And of course you are also welcome to join us on #bitcoin-otc on IRC to participate in the OTC marketplace and the web of trust. |
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hmmm now I have a hard decision to make those are all fine logos.
any news on your decision? |
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I only want that for the sake of greater network security against double spending attacks done by network takeovers.
I do not want generation for the generation itself.
indeed, i think this is an important point. once we have millions of nodes, if we have default-generation to 'on' and using even 5-10% cpu (configurable), that'll provide significant computing power and raise the bar to taking over the network. even if generation isn't profitable, it's not unreasonable to expect that people may do it - see how many millions of people run things like folding@home, completely at no personal gain. bitcoin generation may easily be done the same way - with little hope of personal gain, but to help secure the network against attack. something to think about, i think. it's not only about 'making free btc'. |
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I think ShadowOfHarbringer is alluding to the fact that if all the bitcoins were sold at once, it would depress the price below the current price, so that $1 million wouldn't actually be achieved.
Of course this is true. However, that is the standard definition of market cap elsewhere: share price times number of shares. Obviously, if everybody sold MSFT, their market cap would not be $229 billion. It's merely a snapshot of "right now" and nothing more. haha, that's exactly the example i gave on irc when this topic came up - microsoft. |
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Are you by any chance officially associated with Liberty Reserve ?
I am asking because 1) You sound professional 2) You have their logo in Your avatar.
if you look at his other forum posts, he doesn't actually sound very professional  (though part of that may be because english is not a native language for him...) |
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Less than 200 blocks left, which should be less than 24 hours.
I will probably start the IRC bidding around block number 89,950
Again, so far FreeMoney leads at 1,200 BTC. Anyone for 1,300 BTC ?
where will irc bidding take place? |
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chapter 1: good stuff.
but some seeming inconsistency there - first it seems munchy is in some building on some high floor, then you say he's 'underground' ?
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Also if anyone is in the US and wants ACH (check to your bank account) withdrawal email me.
how about ach deposit? |
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Yes I will be doing that, just as soon as I figure out this oldfangled irc thingie again (it's been a few years). Heh, irc is where all the action is! |
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aurumexchange.com had the best rate I found. I haven't gotten my LR from them yet though so I'm not sure how long the process takes.
Don't you also have an outstanding bid for 7000 lrusd on exchangezone.com? (or is that someone else impersonating you by using the nick 'mtgox' ?) |
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If you think the price of BTC will go up, it's easy to make a profit. You simply buy some BTC for dollars, then sell them back after the price goes up.
If you think the price of BTC will go down, it's not quite so straightforward. But you can make a profit by doing this:
1. Sell BTC for dollars at the current, high price.
2. Borrow BTC from someone else, and deliver those BTC to your buyer.
3. After the price goes down, buy some BTC at the cheaper price and use those BTC to repay the person you borrowed BTC from.
Selling BTC (or stocks) that you don't own, but which you will buy later, is called short selling.
According to the current SEC regs, you have to borrow first, before you can sell. selling first is called 'naked short' selling, which is no longer allowed. You can google/wikipedia for the associated problems with it and why it is no longer legal (in the usa, at least). Short selling has gained a bad reputation (because short sellers are often people with "inside knowledge" that prices are about to drop), but it does add liquidity to the market, and it tends to push prices towards their "true" value, by making the market price reflect that "inside knowledge".
Inside knowledge doesn't really have any special relationship to short selling. People with inside knowledge of bad news, can short, people with inside knowledge of good news can go long. But besides that, yes, short selling does add liquidity, and sanity, to the market, by allowing people to trade both on expected gains and expected losses. Selling BTC? I'm buying. Send a PM and we'll see what we can work out.
just fyi, you could try http://bitcoin-otc/ for your OTC transactions. |
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I made my first short selling earning a total somewhere around 14 bitcoins. Booya.
Recommend nanotube as the to-go guy for your first short selling loan.
great to hear that, kiba! |
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S3052, from your update today, you say "As MtGox does not display short term volumes (like 5, 15, 60 min prices plus associated volume), I can’t tell what exactly happened." If you would like detailed transaction information, you can join the #bitcoin-market channel on freenode, which streams live transaction information for bitcoinmarket and mtgox. If you are interested, I can send you a copy of the exact transaction info at the time the mtgox price fluctuations occurred today. But for the future... just join and hang out on the channel. |
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