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Economy / Securities / Re: S.DICE - SatoshiDICE 100% Dividend-Paying Asset on MPEx
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on: July 18, 2013, 12:07:58 PM
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SatoshiDice is being sold, in full, to a new company that will take over all ownership, operations, and management. The total sale price is 126,315 BTC, or 0.00126315 BTC per share.
Just curious, did you receive payment in bitcoins or in some other currency (e.g. USD)?
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7
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Bitcoin / Bitcoin Discussion / Re: Satoshi's Fortune lower bound is 100M USD
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on: April 13, 2013, 11:01:09 PM
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This assumption is at least partly wrong based on what Hal Finney says in this thread: https://bitcointalk.org/index.php?topic=155054.msg1643833#msg1643833When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test. I assume Satoshi has many coins but I don't begrudge him any of them. He deserves them but I suspect he is not some one whose main motivation was to become rich. Also my understanding is that the first block is un-spendable. I think I've read that Satoshi did this as he was the only person who could mine this block so it would be unfair if he could spend it but subsequent blocks were up for grabs by anyone who was mining (admittedly in practice probably only Satoshi and maybe Hal and some other very early adopters).
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Bitcoin / Press / 2013-04-05 ThisWeekInStartups #E340 Bitcoin segment
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on: April 06, 2013, 07:58:26 PM
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News Roundtable with Henry Blodget and Mike Isaac-TWiST #E340 http://youtu.be/urHmOnl0WMw?t=53m14sJason Calacanis, Kirin Kalia, Henry Blodget and Mike Isaac discuss bitcoin as part of the ThisWeekInStartups show. -Overview of recent news. -Jason Calacanis says he has passed on investing in bitcoin startups as he was worried about the possible legal issues. -Henry Blodget (Buisiness Insider) compares it to the dotcom boom, says very exciting to watch, tells anecdote about watching some big hitters playing a game by passing a "couple of $100k" to each other on their smart phones at a conference in March (not sure if true, but if it is wonder who they are?). Thinks it is impossible to value but could possibly go much higher than $140 or could go to zero. -Mike Isaac (AllThingsD) says software engineers/developers love bitcoin but thinks it might be a fad. -Jason Calacanis says what developers love often becomes the default. Sees some signs of more mainstream acceptance. If some big player (e.g. Square, Facebook, Zynga) starts integrating bitcoin sees $1000/BTC. Also for those who may not have seen it before, here is TWiST #140: Bitcoin, with Gavin Andresen and Amir Taaki from 10 May 2011 http://www.youtube.com/watch?v=TwNfBgwbqng
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Economy / Speculation / Re: Parity watch -> Botswana
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on: April 02, 2013, 10:29:56 PM
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M1 includes pretty much only cash. Money stored in bank accounts is not included.
M1 = bank accounts + cash. are you sure? I thought it included non-bank deposits, but not bank deposits. Humongeous difference. EDIT: This entry, also known as "M1," comprises the total quantity of currency in circulation (notes and coins) plus demand deposits denominated in the national currency held by nonbank financial institutions, state and local governments, nonfinancial public enterprises, and the private sector of the economy, measured at a specific point in time. National currency units have been converted to US dollars at the closing exchange rate for the date of the information. Because of exchange rate movements, changes in money stocks measured in national currency units may vary significantly from those shown in US dollars, and caution is urged when making comparisons over time in US dollars. Narrow money consists of more liquid assets than broad money and the assets generally function as a "medium of exchange" for an economy.
Includes demand deposits in banks, doesn't include money owned by financial institutions. So Joe Soap's (immediately accessible) cash in the bank is counted. ABC Pension Fund's cash is not counted.
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Economy / Speculation / Re: Parity watch -> Botswana
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on: April 02, 2013, 08:18:03 PM
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I guess it is the later. Not a big surprise considering that Brits were pushed out of every biz except selling their houses to each other.
I think it must be wrong. Compare to other EU countries of similar population (i.e. Italy, France). M1 for Ireland is more than UK even though population is less than 1/10th the size. $100,900,000,000.00/62 million (rough UK population) leaves just over $1600/person. Seems way too low. P.S. enjoy this thread. sorry to dis-rail it slightly.
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