Max profit was just lowered to 0.25%
Meh this is terrible. I as an investor am very dissapointed. Kelly's criterion says that we should allow up to ~25% of invested be risked so 1% was already very conservative. The wales wont like it and us investors will get a lower ROI. Too bad so few people understand game theory and risk. The site was doing fine without the lowering the amount, cmon it was just getting started and even though profits went down, 30k BTC was invested while the site was just getting started. Hope the site owners comes back to their senses after having read this: http://en.wikipedia.org/wiki/Kelly_criterion
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Some guy just won at least 5000 bitcoins on JustDice. In B4 investor rage.  edit- damn it Professor!  I don't mind, I want more action! This is almost as fun as gambling myself 
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Kelly wouldnt say risk 1% of capital right? More like 25% if my built in guesstimator is correct.
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Bought a lot at $90 in June, been holding/spending since 
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Is there any way to predict BTC value for the next 14 Days. I'm not very good at math and I'm trying to come up with a prediction for the next 2 weeks. I can say that I am going to be opening up a few books to get a clue on what I need to survive as a crypto investor, starting with a mathbook any suggestions on what books I should read.
Do a model of the price of bitcoin and think what might happen and make an educated guess. Reading books that confirm your bias or just random blabbering by someone who either was to bad to get rich or got rich by being lucky won't help you make better predictions.
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Ask sum has gone from 80k to 40k in 4days. 4 more days and we are at 0 and the prices goes to infinity? 
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Simplifying your lifestyle is a great start.
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finally some movement! anyone got that bid/ask-graph, should have moved up to the 200+ range by now?
It has http://blockchained.com/Scroll down .. it's all there oh thanks!  I see that we are already at 8blocks/h, damn the difficulty rise this time will be killing: 
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finally some movement! anyone got that bid/ask-graph, should have moved up to the 200+ range by now?
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Wall to $100 was 30k BTC this morning, 45k BTC now, are all the new 1k walls the same guy?
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What is the point of all these small orders on both sides?  Has to be the same guy? Just some brat that is bored or some weird strategy?
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It still feels slow... 
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I'm on a big psilocybin and DMT research binge again right now. Funny how it came up in this thread at the same time.
Nice. Any bitcoin-related insights? I tried watching bitlisten.com on cubensis, but didn't feel any connectness or anything so left that pretty quickly. I've actually never done real psychedelics, only shitty legal ones a few times. That might change in the near or not so near future, I don't know. It just really interests me every once in a while, especially now that I have quit my physically and mentally killing IT career and gone back to school. You should really try it. It is amazing. Start slow, like 1-2g PC and do it like the old medical experiments: http://en.wikipedia.org/wiki/Psilocybin#Mystical_experiences A group of researchers from Johns Hopkins School of Medicine led by Griffiths conducted a study to assess the immediate and long-term psychological effects of the psilocybin experience, using a modified version of the mystical experience questionnaire and a rigorous double-blind procedure.[141] When asked in an interview about the similarity of his work with Leary's, Griffiths explained the difference: "We are conducting rigorous, systematic research with psilocybin under carefully monitored conditions, a route which Dr. Leary abandoned in the early 1960s."[142] The National Institute of Drug Abuse-funded study, published in 2006, has been praised by experts for the soundness of its experimental design.[nb 6] In the experiment, 36 volunteers without prior experience with hallucinogens were given psilocybin and methylphenidate (Ritalin) in separate sessions; the methylphenidate sessions served as a control and psychoactive placebo. The degree of mystical experience was measured using a questionnaire developed by Ralph W. Hood;[143] 61% of subjects reported a "complete mystical experience" after their psilocybin session, while only 13% reported such an outcome after their experience with methylphenidate. Two months after taking psilocybin, 79% of the participants reported moderately to greatly increased life satisfaction and sense of well-being. About 36% of participants also had a strong to extreme "experience of fear" or dysphoria (i.e., a "bad trip") at some point during the psilocybin session (which was not reported by any subject during the methylphenidate session); about one-third of these (13% of the total) reported that this dysphoria dominated the entire session. These negative effects were reported to be easily managed by the researchers and did not have a lasting negative effect on the subject's sense of well-being.[144]
A follow-up study conducted 14 months after the original psilocybin session confirmed that participants continued to attribute deep personal meaning to the experience. Almost one-third of the subjects reported that the experience was the single most meaningful or spiritually significant event of their lives, and over two-thirds reported it among their five most spiritually significant events. About two-thirds indicated that the experience increased their sense of well-being or life satisfaction.[136] Similarly, in a recent (2010) web-based questionnaire study designed to investigate user perceptions of the benefits and harms of hallucinogenic drug use, 60% of the 503 psilocybin users reported that their use of psilocybin had a long-term positive impact on their sense of well-being.[45][124]
In 2011, Griffiths and colleagues published the results of further studies designed to learn more about the optimum psilocybin doses needed for positive life-changing experiences, while minimizing the chance of negative reactions. In a 14-month followup, the researchers found that 94% of the volunteers rated their experiences with the drug as one of the top five most spiritually significant of their lives (44% said it was the single most significant). None of the 90 sessions that took place throughout the study were rated as decreasing well-being or life satisfaction. Moreover, 89% reported positive changes in their behaviors as a result of the experiences. The conditions of the experimental design included a single drug experience a month, on a couch, in a living-room-like setting, with eye shades and carefully chosen music (classical and world music). As an additional precaution to guide the experience, as with the 2006 study, the 2011 study included a "monitor" or "guide" whom the volunteers supposedly trusted. The monitors provided gentle reassurance when the volunteers experienced anxiety. The volunteers and monitors all remained blind to the exact dosages for the sake of the experiment.[145]
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I'm on a big psilocybin and DMT research binge again right now. Funny how it came up in this thread at the same time.
Nice. Any bitcoin-related insights? I tried watching bitlisten.com on cubensis, but didn't feel any connectness or anything so left that pretty quickly.
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And how many boys? Got to be more than 30M boys in the US alone?
Men don't have emotions, and thus do not deserve rights or pity. /s Circumsizing males ≠ circumsizing females. Yeah, one of the is tolerated in parts of the western world, the other one isn't. But it is still genital mutilation. http://en.wikipedia.org/wiki/History_of_male_circumcision#Male_circumcision_to_prevent_masturbationNon-religious circumcision in English-speaking countries arose in a climate of negative attitudes towards sex, especially concerning masturbation. In her 1978 article The Ritual of Circumcision,[42] Karen Erickson Paige writes: "In the United States, the current medical rationale for circumcision developed after the operation was in wide practice. The original reason for the surgical removal of the foreskin, or prepuce, was to control 'masturbatory insanity' – the range of mental disorders that people believed were caused by the 'polluting' practice of 'self-abuse.'"
"Self-abuse" was a term commonly used to describe masturbation in the 19th century. According to Paige, "treatments ranged from diet, moral exhortations, hydrotherapy, and marriage, to such drastic measures as surgery, physical restraints, frights, and punishment. Some doctors recommended covering the penis with plaster of Paris, leather, or rubber; cauterization; making boys wear chastity belts or spiked rings; and in extreme cases, castration." Paige details how circumcision became popular as a masturbation remedy:
"In the 1890s, it became a popular technique to prevent, or cure, masturbatory insanity. In 1891 the president of the Royal College of Surgeons of England published On Circumcision as Preventive of Masturbation, and two years later another British doctor wrote Circumcision: Its Advantages and How to Perform It, which listed the reasons for removing the 'vestigial' prepuce. Evidently the foreskin could cause 'nocturnal incontinence,' hysteria, epilepsy, and irritation that might 'give rise to erotic stimulation and, consequently, masturbation.' Another physician, P.C. Remondino, added that 'circumcision is like a substantial and well-secured life annuity...it insures better health, greater capacity for labor, longer life, less nervousness, sickness, loss of time, and less doctor bills.' No wonder it became a popular remedy."[42] At the same time circumcisions were advocated on men, clitoridectomies (removal of the clitoris) were also performed for the same reason (to treat female masturbators). The US "Orificial Surgery Society" for female "circumcision" operated until 1925, and clitoridectomies and infibulations would continue to be advocated by some through the 1930s. As late as 1936, L. E. Holt, an author of pediatric textbooks, advocated male and female circumcision as a treatment for masturbation.[42]
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The bears in the speculation thread and the TA they cite: 
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If animals had morals (as described by the majority) they would not survive, humanity is suffering from a bad case of moral superiority right now, and all these so called "libertarians" are blind to a mathematical interpretation of morality.
This is a very weird way of thinking. Why would it even matter? If ants had morals like you would they survive? So what? We are not different animals. And you don't give any reasoning why "libertarians" are blind. You don't even define the position think are blind. From what I have read libertarians are usually the few who are not blind. Mathematical intrepretation, what does that even mean? If you want a really good analysis of libertarian morality try this book: http://www.amazon.com/books/dp/1137281650Most Helpful Customer Reviews 35 of 37 people found the following review helpful 5.0 out of 5 stars The best book of libertarian political philosophy around January 18, 2013 By Bryan Caplan Format:Paperback I've read almost every work of libertarian political philosophy ever written. This is simply the best book in the genre.
What's so great about it? Simple: Huemer scrupulously reasons from widely shared moral premises to surprising conclusions. There's no question begging, no obscurantism, and no bullet biting. The book begins by pointing out that if a private individual acted like a government, almost everyone would consider his behavior immoral. He then charitably considers all the major attempts to defend this asymmetry.
If you'd like to learn more about political views you disagree with, *The Problem of Political Authority* is ideal. Huemer earnestly tries to engage thoughtful readers of all descriptions. He toes no party line, makes no ad hominems, and never hectors. He's just a very smart, broadly knowledgeable scholar making a careful case for a controversial conclusion. It will blow you mind, maybe not his views, but they way he is able to reason and write them. PS I am not libertarian, I'm anarcho capitalist, but I think the libertarian position is defensible.
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