1022600+ entries in 0.792s
mircea_popescu: BTC-Mining if he imediately
trades (ie, customer buys btc on platform, platform buys btc on mtgox, and vice-versa) and
the sums are small enough it should be ok
BTC-Mining: depending on bitcoin price fluctuations and if
the users make gains or losses.
BTC-Mining: I kept saying he needs
to hedge or he might make big losses (or gains)
mircea_popescu: if anyone cares, an attempt at btc / difficulty option nearly
took a large player out.
Enky: you can mitigate
the problem limiting your operativity
to intraday operations, for example, another idea
BTC-Mining: But somehow BTC/fiat value doesn't matter at all in
this
BTC-Mining: so basically, allow you
to
trade on a forex platform by keeping your BTC
to back your positions.
BTC-Mining: kakobrekla wants
to make a BTC > fiat/fiat positions service with BTC backing
the position. BUT, of course, BTC price fluctuation doesn't need hedging or doesn't matter at all in
this.
kakobrekla: if
there is enough btc
to cover your gains
BTC-Mining: there's no way it wouldn't if it's
the currency backing
the position.
Enky: he
think, btc is a currency , so not much volatile...
BTC-Mining: I
think
that might be
the problem, Enky
Enky: maybe
that forex contact doesnt imagine how much wild are swings at mtgox:)
BTC-Mining: Kako, could you verify
that with your forex contact?
BTC-Mining: That's also what my understanding of
the forex was.
mircea_popescu: then if price fluctuates you make back btc so
that your usd value stays fixed.
Enky: "AND COMPLETLY IGNORE BTC PRICE FLUCTUATION DURING
THAT
TIME"
BTC-Mining: [10:53] <kakobrekla>
thats why you have leverages
BTC-Mining: [10:53] <BTC-Mining> smickles, kako is saying you could have a BTC balance, and have a USD/EUR position for it, so if you lose 10% on
the position, you lose 10% oF
the BTC used for
the position. AND COMPLETLY IGNORE BTC PRICE FLUCTUATION DURING
THAT
TIME.
That's what I understood.
BTC-Mining: mircea_popescu, you would be
the one
to be able
to answer
this...
kakobrekla: well
thats up
to you,
this is made
to make btc
papaso: OK， i wish if
the volme is high, people can buy year contract
papaso: O.BTCUSD.C200N is
this mouth or next mouth
mircea_popescu: all
T expire last Friday of current month (28th). all N expire last Friday of next month (oct 26th)
papaso: if i buy
there must have another
trader as sell side
papaso: means
the price is not usd it is btc?
gribble: Best bid: 10.94, Best ask: 10.94992, Bid-ask spread: 0.00992, Last
trade: 10.931, 24 hour volume: 69377, 24 hour low: 10.261, 24 hour high: 11.17
papaso: if i want
to buy 1 btc, i should pay USD0.089 or 0.089BTC?
papaso: O.BTCUSD.C200N what is
the strick price usd20 or usd200?
BTC-Mining: Why weren't
they all filled in one go?
BTC-Mining: The
thing is, it was like
tons of 10 BTC
trades, all in
the same amount at
the same price...
mircea_popescu: i guess
the power of lisp is a scary
thing
to behold. just you wait
till i grow a little and start doing 100s of
trades a minute
BTC-Mining: This one is a bit outdated... looks like its from
the cold war
gribble: Best bid: 10.903, Best ask: 10.9999, Bid-ask spread: 0.09690, Last
trade: 10.91592, 24 hour volume: 64318, 24 hour low: 10.261, 24 hour high: 11.17
jcpham: i've been
to
the world, i know.
jcpham: yes america runs
the world
smickles: < mircea_popescu> maybe it was just a case of rogue state
trying
to abuse
the process of law
to kidnap foreign nationals<<< sounds like
the 'merican way
jcpham: isn't illegal in spain
to walk into a car dealer with 3000 euros and ppurchase a vehicle
mircea_popescu: maybe it was just a case of rogue state
trying
to abuse
the process of law
to kidnap foreign nationals
BTC-Mining: Getting proof
tends
to be hard in case of rape.
BTC-Mining: Maybe
there was simply a lack of proof plus getting assange was
too hard, so dropped charges... costs money
to work on
the case you know...
BTC-Mining: Hmm, an exclusive fashion milieu, quite
the interesting offer indeed.
jcpham: romney's
tax return airbrushed on a polo in graffiti
jcpham: pink kicks with gold coins on
them
jcpham: dude i'm
trying
to let you guys in on
the ground floor
BTC-Mining: (Pssst! Sounds like a pretty bad deal... You should
take it.)
BTC-Mining: Oh, I have an mpex cap for
the
tournament?
BTC-Mining: But by
the end of a
tournament, you end up with good players. Gets harder and harder
BTC-Mining: I don't
think I've ever been first in a
tournament yet... Although I'm used
to larger pools of players.
mircea_popescu: im
too lazy but i
trust you'll be keeping each other honest lol
BTC-Mining: You can view
the list of final position for
the
tournament from
the
tournament's lobby
smickles: BTC-Mining: is
the winner announced somehow?
smickles: heh, i'll
take
the bet mircea_popescu.
mircea_popescu: you betting
that you don't win or
that he doesn't win BTC-Mining ?
smickles: mircea_popescu: so you'll bet me 200 btc agianst my one
that i won't win it?
smickles: (i assume you nick is different
there)
smickles: BTC-Mining: well,
tell me if we hit
the same
table :)
BTC-Mining: and of course
the minimum blind go up every few minute
to force
the game
to go end up faster.
smickles: BTC-Mining: can you
tell me how long i should expect it
to last if i don't suck ass
tonight?
BTC-Mining: Only some large poker networks do daily/multiple
time a day freerolls.
BTC-Mining: They do a 0.05 BTC freeroll hourly
tho, with usually 10 people in it.
BTC-Mining: No, not seals,
they're
too small. Doing
that weekly.
smickles: BTC-Mining: do you need chips
to play in
that?
BTC-Mining: 5 BTC freeroll on sealswithclubs starting in 1 hour and a half by
the way... 164 players so far, a few places left.
mircea_popescu: ;;later
tell deadterra you prolly want
to issue more gsdpt
smickles: I used
to prefer hookas myself
smickles: i should've ran
the
ticker comparison before 8pm eastern us
mod6: Trying
to be part of a cryptocurrency without knowing how
to use gpg is like
trying
to be part of
the 60s without knowing how
to use a bong.
smickles: oh, i've been outwitted by
time :(