1002800+ entries in 0.765s
mircea_popescu: a few months ago btc was ~5 and options went 1
to 10 at a .5 step
thestringpuller: mircea_popescu: so will
there ever be intermediate options?
dub: if
the war was won
there would need
to be another war which is just more work, best keep no winning
the existing ones
dub: its not about winning its about
the war
dub: the war on drugs is not winnable because nobody is
trying
to win it, like
the war on
terror
mircea_popescu: as long as you keep it as btc afaik in most jurisdictions
there's no declaration
thestringpuller: seems like
the best place
to make a btc business is romania...
gp5st: i was just curious what
the limitations dice and bvps had
mircea_popescu: however, if
that company isn't principally
taking a btc revenue it makes little sense
to list on mpex
mircea_popescu: gp5st i'm really not qualified
to discuss
that. us-based company should make its own determination.
gp5st: what are
the legal ramifications for listing on mpex? would a us-based company be able
to put shares on it?
mircea_popescu: "And saying
that economics is
the central component of western cultural identity and
that indigenous people's downfall is because
they simply implemented it
the wrong way is beyond retarded."
thestringpuller: ironically
the only person who succeeded was a 17 year old girl who is a physics/econ major...
mircea_popescu: if i ran an investment bank/hedge fund what i'd do is give all interns 1k btc, hire
the
top x ones by final btc
thestringpuller: mircea_popescu so btc can be used
to
train people
to be good
traders?
mircea_popescu: bitcoin is
to finance what computer fly simulators are
to pilots i'd say.
mircea_popescu: there is a lot
to learn. as i was saying, bitcoin is a very cheap way
to learn finance, comparatively. so, good for you.
gp5st: there is a lot
there
to learn
gp5st: yeah, i'm in
the process of
trying
to learn about how financial markets work
mircea_popescu: gp5st anyway, a good idea is
to read up on options in general, mpex is pretty much
the same.
mircea_popescu: mpex options are american-style, so
that option is
there all
through
till expiration (unlike european style, where option only exists at expiration)
mircea_popescu: options convey
the right but not
the obligation
to either buy (calls) or sell (puts) at
the strike price
gp5st: ah,
then i guess i do not
gp5st: a little bit. i buy an option @ a price and
then when it expires i need
to buy
the underlying
thing at
the price i bought
the option at?
mircea_popescu: gp5st you're not a pain, kinda what
this chan is for. do you know options in general ?
gp5st: i'm sorry if i'm being a pain: how do
the options work on mpex?
thestringpuller: The coinbase funding is dumb. Coinbase is not even
that good, it's all hype. Blockchain.info has so many more features...
thestringpuller: There is a section of Atlanta just like
that. Full of new age retro hippies.
mircea_popescu: you can't
tell me
that something is a manifestation of capitalism when
that something is
traditionally blue
mircea_popescu: just so
there's 300mn people living in
the us and 6,8 bn people NOT living in
the us
mircea_popescu: there's a
tiny fraction of
the world called
the united states, and a much larger, comparatively more important rest.
mircea_popescu: i guess
that'd also depend on
the contract
they entered into with
the vcs
thestringpuller: I'm just wondering more of, if a BTC based company becomes profitable and
takes VC money, does
that mean it's bound by regulation now??
mircea_popescu: gp5st s.mpoe is
the conglomerate of mpoe (the options broker) and mpex (the stock exchange).
the historical contract is found here :
gp5st: yes, i see
those:) what/who are
they
though
gp5st: what are
the 3 companies with stock listed?
mircea_popescu: and
then gp5st's question would suddenly gain lots of flesh
thestringpuller: but
then again
that's not mpex's fault,
there aren't a lot of btc-based companies worth listing
mircea_popescu: actually
towards
the end it was prolly more like 10x, but heck.
mircea_popescu: gp5st mpex is doing ~60k atm. it was always doing about 3x
to 5x glbse volume
gp5st: well, moving on
to more
tangible
topics: of
the exchanges listed in
the
topic, which has
the most volume (I'm currently looking into
them, so I'm still learning)
gp5st: mircea_popescu: since
that's a vauge statement i can't give anything but a vauge answer
mircea_popescu: what guarantees you don't have some friends
that will make
things difficult ?
mircea_popescu: pirate had "some friends
that decided
to make
things difficult"
gp5st: seems
to be
the common answer whenever asked about it
gp5st: mircea_popescu: i guess i just assumed
they did.
mircea_popescu: thestringpuller i always said, btc is a very cheap way
to gain a good financial education
gp5st: the exchanges listed in
the
topic, why will
they not encounter
the same legal problems glbse ran into?
mircea_popescu: i like how
the price graph
tells
the story of
the sec panic
thestringpuller: I must say, I've learned more about finance from
the BTC community
than anywhere else.
mircea_popescu: the
thing
to do is getting future contracts with physical delivery IN BTC.
thestringpuller: mircea_popescu: I was
thinking about what yo said a few days ago. BTC is not for
the average consumer. What if someone did a BTC -> Stock Exchange pass
thru?
iz: ah,
that makes more sense
thestringpuller: okay so I
think it's more
the gang buys stock in
the companies
that own
the prison's
they'll be serving
time in
thestringpuller: some people who go
to prison
though are patsies and get paid comfortably
mircea_popescu: iz people who go
to prison aren't really
the best at making money.
iz: yeah, it's a cool idea, but not
terribly practical
mircea_popescu: iz i guess it's more like
the principle of
the
thing, like invederate gamblers owning s.dice stock
iz: how much does 1 incarceration really affect
the value of
the prison's stock
though?
thestringpuller: so he hooked up a bunch of gang members with legit stock options, which may become
the standard for "hazard pay"
thestringpuller: So DL Hughley came on
the Daily Show a few nights ago, and he was saying how he interviewed
these gang members. And he said, "Why don't we hook you up with stock options of
the prisons you'll be doing
time in, when you do
time"