log☇︎
1021000+ entries in 0.812s
Diablo-D3: nefario: its not that I ran it down
nefario: then that makes it a bad investment
Diablo-D3: 1:1 trade means you're down to about 10%
Diablo-D3: unless you sell out of tera _now_
Diablo-D3: the problem is this
nefario: I don't believe in the concept of obscene profits
nefario: then that is their own fault more than anything else
nefario: if there are better deals then people can go somewhere else
nefario: the information is there
Bugpowder: Upgrade fee is .4 per tera share or giga share
nefario: so in economic terms
Diablo-D3: and you have to take the 1:4 deal or you get nothing
Diablo-D3: either pay him now for 1:4 giga to tera trade
Diablo-D3: that giga to tera shit I didnt like
nefario: Diablo-D3: I wonder too, you're such a people person
nefario: why do you have the knives out for him?
Diablo-D3: now of course, *cough* I bought some of those cheap bonds
Diablo-D3: usagi: thats just the other end
mircea_popescu: but yea, i can confirm what nefario said, the guy holds in excess of 400k s.dice so he's good
Bugpowder: Just got a message from DeaDterra re: transfer
Diablo-D3: mhash bonds are in the currency of mhash, but are bought and sold in btc and pay in btc
Diablo-D3: EskimoBob: no, thats the thing
Diablo-D3: usagi: well heres the problem
nefario: where currently everything is in the pink market
nefario: and we have the 3 separate markets
nefario: well we're adding tags later today
nefario: Bugpowder: Terra is slow AFAIK
Bugpowder: It's not an order, it was an asset transfer
Bugpowder: What do you think my options are. Will GLBSE claw back a transfer? The shares have not been sold into coin yet. Is deadterra just slow, or is he blowing up from the Gamma ppt and having a liquidity crunch? Any ideas/
nefario: how can we prove asset issuers use BTC for the intended purposes?
Bugpowder: for it to be worth it
Bugpowder: Need to link to account fingerprint
nefario: public record of that as well
Bugpowder: and the shares are currently up for sale at .003999
Bugpowder: GLBSE has the record
Bugpowder: Now they are up for sale on GBLSE, but no new S.DICE in my MPEx account
Bugpowder: I have shares of GSDPT, I gave them to DeaDTerra to exchange to S.DICE on my MPEx account
Bugpowder: I am trying to do a transfer 1:1
nefario: when you buy GSDPT you are giving BTC to DeaDTerra to use to then buy the equivalent amount on mpex
nefario: funds used from shares of GSDPT being sold are used to buy shares on mpex
nefario: I can tell you it's not
Bugpowder: Which makes me wonder if GSDPT is merely a method for extracting more coins from people, either to pay off the Gamma Pirate PPT, or just for his own pocket.
Bugpowder: which makes me wonder... Why would he need to do that? Shouldn't he have the S.DICE shares to cover the GSDPT shares?
Bane_Capital: <Joric> i'm not married to pirate why he takes half
Bugpowder: prior to sending me the S.DICE on MPEx
Bane_Capital: And that's why I will buy some.
Bane_Capital: I find it hilarious people put hundreds of thousands with him
gribble: DeaDterra was last seen in #bitcoin-assets 17 hours, 22 minutes, and 2 seconds ago: <DeaDTerra> why would someone do that?
Chaang-Noi: then he would be flowing in the money
Chaang-Noi: so i see pirate has been online off and on trolling,
gribble: DeaDterra was last seen in #bitcoin-assets 15 hours, 49 minutes, and 53 seconds ago: <DeaDTerra> why would someone do that?
nefario: late to the party
nefario: then the lawyer contacts IC3
Chaang-Noi: im pretty sure we want to do FBI and firefruad, but who knows...
Chaang-Noi: the lawyer will be doig all that
Chaang-Noi: as far as i know no one has talked to priate
Chaang-Noi: i posted a link in that thread
Chaang-Noi: in bkk, trying to deal with crazyness
gribble: Trust relationship from user mircea_popescu to user pirateat40: Level 1: -1, Level 2: 35 via 16 connections. Graph: http://serajewelks.bitcoin-otc.com/trustgraph.php?source=mircea_popescu&dest=pirateat40
Chaang-Noi: so at this point who knows lol
mircea_popescu: what are they worth nominally, 1 ?
Chaang-Noi: again, more faith than i have...
Chaang-Noi: someone has more faith that i do
Chaang-Noi: buying up tygrr bond p?
mircea_popescu: unlike mpex, their security sucked.
kakobrekla: twas too much for him.
mircea_popescu: i'd say by 2050ish a good third of all trade can happen in btc. certainly no good reason not to.
Bugpowder: I would be pretty stoked with .01% of that happening with bitcoin.
mircea_popescu: if 10% of that happens in bitcoin that's a solid 1.5 milion per bitcoin.
mircea_popescu: 2010 int'l trade was something like 30trn
Bugpowder: I will feel really bad about my sealswithclubs losses when that happens
mircea_popescu: and that $1000 each is moar like $1000 million.
Bugpowder: Also its about bragging to your friends about how much better your bitcoin trade was than his weak ass SLV option play or his Romney short on InTrade
Bugpowder: The game is not to get rich, but to not die poor.
Bugpowder: and that 1% chance that everything collapses and bitcoins become worth $1000 each
mircea_popescu: sounds about par for the course.
Bugpowder: but trading is fun
Bugpowder: the active or the index
Bugpowder: Just take half your money, stick it in some Vanguard Index funds and call me in 10 years. We will see which account has more cash
Bugpowder: over what timeframe? 10 years?
Bugpowder: Stat arb works too, but you are going up against a bunch of smart, motivated people whose job it is to screw you.
Bugpowder: If you have the knowledge base and resources and computing power of Renaissance, you can consistetly win. If you are joe 6-pack with your new options account, you are going to blow up your account
Bugpowder: insider knowledge or HFT is the only way to consistently come out ahead doing active trading in major captial markets
Bugpowder: yeah that is stupid. over 25x and you are in the danger zone
kakobrekla: luckaly this is bitcoin, no banks in that sense
mircea_popescu: http://bitcoin-otc.com/viewratingdetail.php?nick=pirateat40&sign=ANY&type=RECV look at that, pirate at 15
kakobrekla: anyone else want to open an account
Bugpowder: couldn't raise my ask in time
Bugpowder: so pissed my coins didnt get there in time to pick up the 0.45 and 0.47 ones
Bugpowder: Bot those 100 for 0.50 two hours ago
kakobrekla: havent you been listening to EskimoBob, mircea_popescu
mircea_popescu: yeah, i guess so. whatever happens to gigamining bonds.
Bugpowder: free upgrade to 25GH/s from 5GH/s
mircea_popescu: what's that mean ?
Bugpowder: so.. 1:1 tradein is planned?
mircea_popescu: seems about the same story.
assbot: Invalid ticker.
Bugpowder: f.giga.etf is actually worth 65000, its just undervalued today. match my ask pls. :)
mircea_popescu: f.giga.etf is worth exactly the same thing gigamining is worth.
Bugpowder: 1:4 exchane for terabonds with a .30-.40BTC fee