Quote from: ghdp on March 12, 2015, 06:55:35 PM

Quote from: danielpbarron on March 12, 2015, 06:47:06 PM

Hey speaking of which, you derps should put your money where your mouth is! Swing by #bitcoin-assets and ask for mircea_popescu. He will gladly sell you "gigablockcoins" or whatever in exchange for real bitcoin. The odds offered are currently 3:4 (you get 4 scamcoins for every 3 bitcoin paid).

What I am reading from this offer is that you pay 3 MPcoin for every Gavincoin bought from MP. Not impressive.

You send 750 BTC to MP now and someday later he will send you 1000 Gavincoin back.
Which means that you pay 750 MPcoin in exchange for 250 Gavincoin.
(Unless the 750 BTC is also "future payment", after the fork, but then he should say it more clearly)

I asked, and you are correct. My bad.

Quote from: #bitcoin-assets

danielpbarron: http://log.bitcoin-assets.com/?date=21-01-2015#985304 << is the "BTC" side of this to be paid post-fork, because otherwise the deal is really 750 BTC + 750 gavincoin in exchange for 1k gavincoin
assbot: Logged on 21-01-2015 02:32:01; mircea_popescu: ;;sell 1000 "Gavin Scamcoins" @ 750 BTC Future delivery. Larger amounts will get you an even better deal. Smaller amounts may be considered.
mircea_popescu: danielpbarron ahem. through what sort of magic the parts summed exceed the sum ?
danielpbarron: 750 BTC today will be on both chains post-fork
mircea_popescu: right.
danielpbarron: so someone pays you 750 BTC today, which turns into 750 BTC and 750 GSC (gavinscamcoin) later, and you just need to buy another 250 GSC to settle the deal
mircea_popescu: or in other words, they make 250 gsc for no risk, if they believe this theory whereby "people" will "update" to gavincoin on gavin's say so.
danielpbarron: right, it's still a "good deal" to those who are so sure the fork will be a hit; i'm just trying to figure out how "good a deal" it is
danielpbarron: so it's kinda like they are trading 750 BTC for 250 GSC, no?
danielpbarron: where BTC is this "stilly worthless thing" to them
mike_c: danielpbarron: you need to be 75% confident to break even
mike_c: if you are > than that confident in gavincoin, it's a good deal
mike_c: i can do the math for you if it's helpful
danielpbarron: I think I got it now. I was hung up on my own bias against GSC
danielpbarron: in that, I would probably be willing to trade 750 GSC for 250 BTC
mike_c: then you can undercut mp :) quick, make an exchange!
danielpbarron: are you making me an offer?
mike_c: no, i don't sell btc for fiat or for gavincoin.