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4321  Economy / Economics / Re: 50,000 Views on Your Youtube Channel Is Enough Make You $1000 a Month on: August 11, 2017, 10:33:24 AM
Youtube could factor in whether the "skip ad" button is clicked or how many clicks they receive on advertisements. They could also factor in how much of the video clip is watched. I think that most of the "I'll pay you to watch my youtube video" services only watch 1-3 seconds of actual content which could make it easy to identify which accounts have a legitimate interest and which are farmed accounts.
4322  Economy / Gambling discussion / Re: UFC 215: Johnson vs Borg Info and Prediction Thread on: August 11, 2017, 10:13:09 AM
More notes.

I think this will be Rafael Dos Anjos 2nd fight training out of Evolve MMA gym. RDA used to train at King's MMA under Rafael Cordeiro but left for reasons unknown.

Sarah Moras funded part of her training for this fight at gofundme.com. I think she's the first UFC fighter to do this, although Chris Camozzi asked for bitcoin donations to fund some of his previous training camps.
4323  Economy / Exchanges / Re: Bitfinex - price manipulation, fake transactions on: August 10, 2017, 10:25:52 AM
Market manipulation, statistical exaggeration and outright lies are so rampant in the finance/investment industry.

China constructs entire cities which no one lives in (lookup: china's ghost cities) to artificially inflate their GDP. The same principle applies here if crypto exchanges are spoofing to artificially inflate btc market cap. Its not necessarily news, every country manipulates statistics, definitions and other variables to make things look better than they actually are.

Even north korea is known to exaggerate the range of its nukes to artificially inflate how much of a threat they are.

The truth is, everyone in finance/economics/real/estate/whatever does this. Its like how some people exaggerate their height or size of their penis on the internet. Except its done at the highest levels.
4324  Economy / Gambling discussion / Re: Open AI Gambling Bot/Discussion on: August 10, 2017, 10:12:20 AM
Look at google go ai, there are millions upon millions of moves, the portability of each move is very low and yet it has managed to beat the best of us. I don't think we need a quantum leap for just poker and stock predictions. There are bots which are already predicting the stock prices.

Checkers/chess/go programs brute force calculate every possible move. A question can be raised whether that represents true artificial intelligence. A go program calculates every move then uses an algorithm to estimate which move is the best, not unlike a coin sorter which evaluates each coin size to sort pennies from nickels and dimes.

Over the past 50 years, there hasn't been much evolution in terms of artificial intelligence software. All gains have come from hardware advancing via moore's law to a point where programs can calculate every possible move in checkers/chess/go within a reasonably short time.

There's no doubt computer programs (which probably shouldn't be called artificial intelligence) are very good at evaluating massive numbers of against some preset criteria. It shouldn't be confused with true artificial intelligence though.
4325  Economy / Gambling discussion / Re: Mayweather Vs McGregor: Info and prediction thread on: August 10, 2017, 09:42:13 AM
Other than that. Floyd is superior, and these 2 things are things he can't control. He has fought taller guys like Corrales and De La Hoya, he also fought big guys like Canelo, but as far as I can remember he has never fought a guy with the reach of McGregor, even tho I think McGregor is frauding a bit his reach... I think his reach is at least 1 shorter.

I mean can anyone explain what the fuck is this?




Looks like his arms grew a couple inches in a couple years? and he was measured 5'10'' vs Brandao. So I think these tale of the tape measurements are bullshit and margin of error is at least 1 inch up and down. Mayweather got long reach enough too, I think it will not be that much of a disadvantage for him.

I've heard stories of fighters hanging by their arms from a bar with weights tied to their legs in an attempt to make their arms longer & give themselves more reach. Can't say whether its true or false, if it works or is medically unhealthy.

The irish news is quoting one of McGregor's sparring partners as saying that Conor didn't push Malignaggi & that people will be able to judge for themselves whether or not it was a legit knockdown later when the footage is released:

http://www.irishnews.com/sport/boxing/2017/08/09/news/in-mcgregor-s-corner-the-truth-about-that-spar-between-paulie-malignaggi-and-conor-mcgregor-1105459/

4326  Economy / Economics / Re: Putin's Aide Seeks $100 Million to Rival China in Bitcoin Mining on: August 10, 2017, 09:31:52 AM
Regarding Btc-e and its legal operation in Russia, such assumptions are ridiculous since even access to the exchange site was blocked in Russia (btc-e.com), and folks had to use its mirror at btc-e.nz. This is the reality how it stands

If russian reached btc-e using a mirror redirect. Does it mean russia made a powerful effort to prevent btc-e use in russia. Has internet technology advanced to a point where the russian government can block access to mirror sites as easily as they can main ones? Or does it mean russia isn't putting much time or effort into enforcing anti crypto laws?

In the US there was something known as a lowest priority initiative. Some states had no money or resources to devote towards cracking down on marijuana and so they chose not to enforce laws against owning marijuana plants or carrying marijuana on a conditional basis.

Anyways, long story short, I'm certain Putin loves bitcoin. Russia loves bitcoin. Who doesn't love bitcoin?
4327  Economy / Economics / Re: Putin's Aide Seeks $100 Million to Rival China in Bitcoin Mining on: August 10, 2017, 02:09:58 AM

That's mostly bullshit

First, the consumer electricity prices are nowhere near that in Russia. It is more like 4 rubles per kilowatt hour (i.e. 5 times higher that the number given). The tariffs are cheaper for rural areas but they are still on the order of rubles, not around 80 kopeks. Further, the Russian authorities should first decide what to do with Bitcoin per se, i.e. whether allow Bitcoin for personal use and whether allow mining it since issuing money and money surrogates is strictly prohibited by Russian laws, and still more so if Bitcoin is to be treated as a currency. They would need to adopt a special law regarding Bitcoin to address that issue, but nothing has been done so far

This is the only picture of a chinese crypto mining operation I've seen.

The caption says: A bitcoin “mine” with a blue tin roof sits next to a hydroelectric power plant in Ngawa Tibetan and Qiang Autonomous Prefecture, Sichuan province.



Here's another picture to give you an example of the number of mining rigs they run.



If russia opens a mining plant they could do something similar in placing their mining operation next to a hydroelectric power plant or another cheap and renewable source of electricity to hit their kilowatt hour figures. The numbers they cite could represent industrial energy usage rather than consumer consumption.

That could be a good point you made about russia and crypto laws. Whatever laws russia has I don't remember them doing anything to impede btc-e servers being located in russia. They also didn't extradite btc-e's owner to the united states. It is possible that shows russia's true stance on crypto whatever their laws say.
4328  Economy / Economics / Re: CNBC hosts are worried about BTC being x3 oz of gold on: August 09, 2017, 11:03:08 AM
Are CNBC hosts allowed to speak their own opinion on issues? They may be contractually obligated to express only the views of the corporate entity they work for(else they will be fired). That could limit what they're allowed to say as far as bitcoin and other issues go. I wouldn't mind a more independent media. There is much illusion of choice and bias in the media perspective which overrides reason and common sense.
4329  Bitcoin / Bitcoin Discussion / Re: This is amazing on: August 09, 2017, 10:49:22 AM
I got some at 2700 but the price is going up like crazy, usually there is a correction but it seems BTC has a rocket in its behind Smiley
My question is for long term is it better to wait or is the price going to keep rising. Maybe we have a new bottom?
I know it's speculation but curious what people are thinking.

The latest price fluctuations revolved around concerns over a hard fork and what the implications of it might be. For now we're in the clear as far as hard fork goes. Thus price is increasing. Looking at charts of btc prices, the recent dips in price were nearly all due to uncertainty and fear over bitcoin unlimited or the latest fork. It might be fair to label it speculation but that doesn't mean there aren't reasons behind price movements that can be defined.

Goldman Sachs analysts have called for btc to reach $3,900. I would guess that's the upper limit although it could go higher. It depends on how many long term btc holders decide to dump their holdings, cash out of btc and find some new investments.
4330  Economy / Economics / Re: Putin's Aide Seeks $100 Million to Rival China in Bitcoin Mining on: August 09, 2017, 10:41:16 AM
I wonder what prompted the u-turn by Russia. They have gone from banning bitcoin outright to wanting to be an industry leader.

Europe imposing economic sanctions against russia 3-4 years ago may have prompted it. The latest series of economic sanctions against russia by the united states is more of the same. De-dollarization policies by russia and other nations could also be a motive. With the united states being $20 trillion in debt there are concerns over the us dollar becoming devalued/hyperinflated if america defaults on its debt.

Also after the economic crisis of 2008, bankers meddled heavily in the affairs of nations. It was bad enough that some countries like iceland and hungary banned those representing central banks from operating in their country & imprisoned other bankers who they held responsible for playing a role in causing the crisis. That movement could be one reason why russia and other nations embrace bitcoin as it could allow them to escape political meddling by bankers and the monopoly bankers have over many economies, etc.
4331  Economy / Gambling discussion / Re: UFC 215: Johnson vs Borg Info and Prediction Thread on: August 09, 2017, 10:04:10 AM
Amanda Nunes pulled out of the last scheduled fight with Valentina Shevchenko claiming her sinusitis was too bad for her to fight. I've never heard of sinusitis before Nunes mentioned it. Can't say if its a valid excuse for pulling out.

I think this will be Gilbert Melendez first attempt to fight in the 145 lb weight division.

Henry Cejudo and Wilson Reis being on the card could mean one of them will fight Demetrious Johnson for the title if Ray Borg is injured or pulls out. Sara McMann could also step in for either Amanda Nunes or Valentina Shevchenko if one of them is injured or unable to fight.

Many interesting match ups on this card.

Hey guys, this will be the thread for UFC 215.  The event will be on September 29, 2017 at Rogers Place in Edmonton, Alberta.

Small correction: the event will be on September 9th not 29th.

UFC Fight Night Stefan Struve vs Alexander Vokov will also be on september 2nd.
4332  Economy / Economics / Putin's Aide Seeks $100 Million to Rival China in Bitcoin Mining on: August 09, 2017, 07:34:01 AM
Quote
A company co-owned by one of President Vladimir Putin’s internet advisers plans to raise the cryptocurrency equivalent of as much as $100 million in a push to help Russian entrepreneurs challenge China in bitcoin mining.

Russian Miner Coin is holding a so-called initial coin offering, where investors will use units of ethereum or bitcoin to buy new RMC tokens. These new tokens will have rights to 18 percent of the revenue earned with the company’s mining equipment, according to a presentation posted on its website.

RMC plans to use semiconductor chips designed in Russia for use in satellites to minimize power consumption in computers for crypto-mining, Putin’s internet ombudsman, Dmitry Marinichev, said at at a news conference in Moscow.

“Russia has the potential to reach up to 30 percent share in global cryptocurrency mining in the future," Marinichev said
, adding that $10 million from the proceeds of the ICO may be spent developing the processors.

More and more startups are offering tokens as a way to raise money upfront for digital assets in ICOs. Unlike a traditional IPO in which buyers get shares, a startup’s ICO nets you virtual tokens unique to the issuing company or network that grow in value only if the business proves viable.

The U.S. Securities and Exchange Commission last month warned that ICOs may be considered securities and signaled greater scrutiny of the sector, though it stopped short of suggesting a broader clampdown.

Today’s bitcoin mining requires special computers based on chips with minimized power consumption. China’s Bitmain Technologies Ltd. is one of the leading producers of such equipment and also runs Antpool, a processing pool that combines individual miners from China and other countries. Rival Bitfury Group, founded by Valery Vavilov, a Russian-speaking native of Latvia, produces equipment for mining virtual currencies and runs large-scale centers in Georgia and Iceland.

Russia has 20 gigawatts of excess power capacity, with consumer electricity prices as low as 80 kopeks (1.3 cents) per kilowatt hour, which is less than in China, RMC said in the presentation. The company initially plans to locate mining computers based on Bitfury chips in individual Russian households to challenge Bitmain by using Russia’s lower power prices.

https://www.bloomberg.com/news/articles/2017-08-08/putin-s-aide-seeks-100-million-to-rival-china-in-bitcoin-mining

Tried to bold the most relevent parts.

Good news for those favoring a decentralized btc mining paradigm. Miners becoming more decentralized could reduce probability of hard forks in the future. This could translate to diminished volatility. Much of bitcoin's negative volatility has been due to uncertainty, fear and sell offs derived from hard fork worst case scenarios. If japan, australia and other nations invest in mining operations that could further decentralize crypto mining which would parallel Satoshi's vision for btc not being centralized within national abstractions.


4333  Economy / Gambling discussion / Re: Game of Thrones - Who will rule? Odds and betting discussion on: August 08, 2017, 10:01:49 AM
https://www.nytimes.com/2017/08/07/business/hackers-demand-ransom-for-stolen-hbo-files.html

^ Those who leaked the last game of thrones episode are holding future HBO media/data hostage, threatening to leak all if HBO doesn't pay a ransom of $6 million in bitcoin.

The funny thing here is, many game of thrones fans will be praying HBO doesn't pay the ransom so they can get future episodes early.
4334  Bitcoin / Bitcoin Discussion / Hackers Demand Millions in Bitcoin for Stolen HBO Files on: August 08, 2017, 09:47:58 AM
Quote
Hackers using the name “Mr. Smith” posted a fresh cache on Monday of stolen HBO files online, and demanded that the network pay a ransom of several million dollars to prevent further such releases.

The data dump included what appear to be scripts from five “Game of Thrones” episodes, including one coming episode, and a month’s worth of email from the account of Leslie Cohen, HBO’s vice president for film programming. There were also internal documents, including a report of legal claims against the network and job offer letters to top executives.

HBO, which previously acknowledged the theft of “proprietary information,” said it was continuing to investigate and was working with the police and security experts. The network said on Monday that it still did not believe that its email system as a whole had been compromised.

This is the second data release from the hack. So far, the leaks at HBO have been limited, falling well short of the chaos inflicted on Sony in 2014. In that attack, hackers unearthed thousands of embarrassing emails and released personal information, including salaries and Social Security numbers, of nearly 50,000 current and former Sony employees. In the aftermath of the attack, the Sony Pictures chief, Amy Pascal, was ousted.

Those behind the HBO theft claim to have more data, including scripts, coming episodes of HBO shows and movies, and information damaging to HBO.

“Game of Thrones,” currently in its penultimate season, is the most popular show in HBO’s history and has long been a target of digital piracy.

In a video directed to HBO’s chief executive, Richard Plepler, “Mr. Smith” used white text on a black background to threaten further disclosures if HBO did not pay the ransom. To stop the leaks, the hackers demanded “our 6 month salary in bitcoin,” which they implied is at least $6 million.

https://www.nytimes.com/2017/08/07/business/hackers-demand-ransom-for-stolen-hbo-files.html

............

Possible theory: North Korea is behind this.

Some credit north korea with being behind the sony pictures hack of 2014:  https://en.wikipedia.org/wiki/Sony_Pictures_hack

WannaCry ransomware shared software code with the sony pictures hack, which could link wannacry to north korea also:  http://www.latimes.com/world/europe/la-fg-europe-ransomware-attack-20170515-story.html

Any good theories to explain this I'm missing?   Huh

4335  Economy / Economics / Re: Why would Crypto be the future currencies if it's so volatile? on: August 08, 2017, 09:31:51 AM
Imagine this scenario.

One day you buy a rock that is worth $12.

In 6 years, your rock is worth $3,400.

Its fair to say the value of your rock is subject to a extremely high degree of volatility(price shift).

People forget volatility can be a good thing or a bad thing(its not always negative).

It only describes a relative degree to which something is shifting on a percentage basis. It doesn't say whether value is increasing or decreasing.  Smiley
4336  Economy / Gambling discussion / Re: UFC FN 114: Pettis vs Moreno Info and Prediction Thread on: August 08, 2017, 09:15:13 AM
There are no more UFC events this month.

But there is still Dana White's contender series on tuesdays.

Sometimes books will accept bets on that, too.

Looks like Dana White only pays the top competitors, the rest you need a 9-5 job or else you are not going to be able to support yourself from fighting.

And even the top fighters don't makes that much compared to the pro-boxers. This is why Conor wanted the Mayweather fight so much, and this is why Jon Jones want to make a lot of buzz fighting Brock Lesnar.

If I'm remembering right WWE wrestlers starting pay is around $30k/year.

Professional boxers make less on average than MMA fighters. Only big name boxers make money.
4337  Alternate cryptocurrencies / Altcoin Discussion / Re: what do you think the ideal supply of a coin should be? on: August 07, 2017, 06:41:44 AM
In some ways, I get the impression many coins and ICO's are comparable to derivatives. Supply may not be the biggest factor raised as a selling point. Whatever gimmicks or business model they adopt could factor more heavily into valuation. It might be fair to say there aren't a lot of coins which focus on building real or lasting value. A lot of coins / ICO's opt for something closer to half baked get-rich-quick-schemes. That could be a redundant observation of the finance industry in general.

In terms of supply, the definition of ideal supply can be a contradiction. Ideal supply might be defined as being flexible in some areas while rigid in others. I would say some portions of coin supply should be hard coded and unalterable the way bitcoin's supply has been cryptographically regulated by difficulty metrics & miners. That's the rigidity portion of ideal supply. The flexibility comes in where there are conditions supply might need to adapt to. I haven't given it much thought, its an interesting topic though.
4338  Economy / Economics / Re: Monkeys trading rocks on: August 07, 2017, 06:21:41 AM
I wish we could make better decisions and manage resources more responsibly. If a zombie apocalypse doesn't wipe us out. There's a decent chance we'll suicide via overpopulation or by making bees, tunafish & other species we interdependently rely on for survival, extinct. In many countries the human population doubles every 3-5 decades. No one wants to be a dick and bring that up. But that is something that we'll have difficulty with in the future.   Undecided

Which monkey has the most rocks won't matter much if none of us lives long enough to enjoy it.
4339  Economy / Gambling discussion / Re: UFC FN 114: Pettis vs Moreno Info and Prediction Thread on: August 07, 2017, 06:17:39 AM
It must be frustrating for fighters to be in the UFC but get such small payments compared to the main card.

Some MMA fighters on invicta and bellator cards are paid $2,500 per fight. In other organizations the pay for 1 fight could go as low as $100-$500. There's a famous claim made by Chael Sonnen where he says the UFC paid him $100 for one of his early fights.

Payscaling seems like a sensitive issue & topics like taxes, inflation and elevated cost of living expenses never seem to factor into the conversation which is a shame.

For contrast, Donald Trump proposes reducing income taxes for the lowest bracket from 30%-40% down to 6%-10%. I think that would help MMA fighters a lot. Losing half pay to taxes is a big part of what devastates them.
4340  Economy / Gambling discussion / Re: Game of Thrones - Who will rule? Odds and betting discussion on: August 07, 2017, 06:09:55 AM
So I watched the leaked episode. Grin

All I can say is, WOW!!! That was one of the best Game of Thrones I have watched so far. I like the way Daenarys was asking for Jon Snow's advice, and making the audience think that she followed it.

But on the battle field, NO! She did not follow it. I will say no more. I reckon we are spoiling it too enough for the people who have not watched it yet.

*****************************************************************
**********************    SPOILERS    ******************************
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I think Daenerys did follow Jon Snow's advice. Daenerys wanted to take her army & dragons to attack the city where Cersei is That would result in civilian casualties and destruction of property. Instead Daenerys attacked only the army which minimized civilian deaths. She might have listened to Jon Snow even though it didn't seem like it.   Cheesy

Agree with everyone who said it was one of the best episodes so far.
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