1027600+ entries in 0.792s
mircea_popescu: so
to make a long answer short, for
the
time being
the costs of resolving
this problem don't seem justified. even with
the ipo or w/e it wasn't my deposit system
that ever was
the bottleneck
smickles: in
the case of failure, you can rollover
to manual
mircea_popescu: it's just... secure software is a big, complex and
thorny
topic, you know ?
bitfoo: I don't need
the private key
to know when something is sent
nefario: blockchain.info if you don't want
to listen
to incoming
transactions
bitfoo: mircea_popescu, you don't need access
to
the wallet
to watch an address for incoming
tx
mircea_popescu: if you can programatically interract with
the wallet you can programatically inerract with
the wallet.
smickles: mircea_popescu: what's
the risk? someone nefariously gives you btc?
nefario: what did
they have before?
smickles: mircea_popescu: like, automate deposits by watching
the deposit address for 6 confirms on deposit
transactions
bitfoo: sure, now
they all have pass-throughs, but
they didn't before
bitfoo: I use it because of
the stocks on offer
there
smickles: mircea_popescu: couldn't you just monitor
the address w/o
the private key?
bitfoo: nefario, stop
trolling :D
smickles: which i was meaning
to ask about
kakobrekla: id really like
to avoid using 'api'
throgh html code :D
smickles: glbse is easy
to scrape/create form data
kakobrekla: i figured
there would be most
traffic
to
that exchange
kakobrekla: im staying up all night prolly
to finish permanent links
smickles: oh,
that would have been humorous
smickles: kakobrekla: is
that you ask on mpoe.etf @ 20 btc?
bitfoo: ok, I
think I've seen
those
bitfoo: is it just updated on
the forum
thread?
smickles: bitfoo:
the fund has about 4million shares and ~ 10 btc
mircea_popescu: 0,9998! dude,
that's got
to be a record for btc and implicitly everything
bitfoo: how do I compute
the NAV of mpoe.etf?
mircea_popescu: not
that 1 btc/month is any big deal in any case, like a newspaper subscription.
bitfoo: but he's going
to stream quotes
too
mircea_popescu: you got
the [GLBSE] [OBSI.HRPT] 1 @ 0.1 BTC [-] line at 21:38, someone else at 21:37:58
bitfoo: that I
tend
to agree...
mircea_popescu: but at any rate i would guess
this discussion is moot :
trades don't happen fast enough for any of
this
to matter.
bitfoo: and if more people get
the data fast,
the profits are shared
bitfoo: the more real-time you get it,
the more potential profit you can make
bitfoo: mircea_popescu, I don't see how
that applies
to real-time
trade data
mircea_popescu: bitfoo from what i hear
the value of information increases with access, hence
the internet.
smickles: if it's utility,
then it is more likely
to be a bellcurve distribution
bitfoo: in
this case I
think
the more people
that have access
to
the data,
the less valuable it becomes
mircea_popescu: ya but
the person bidding doesn't bid on a luxury item
bitfoo: but if
there was only 1 slot
the bids would probably have been higher
bitfoo: the point of charging for it in
the first place is
to induce scarcity right?
smickles: i believe
that nefario has a reason
to charge for
the service, so such a low price would likely defeate
the purpose
smickles: have
the number of slots be dynamic... something like 90% of bids are accepted, 10% don't get it
smickles: i wonder if
there is a way
to have
the auction style payment per month, while not giving you
the incentive
to create scarcity
bitfoo: I meant
the 1 btc, I'd pay it if I were running a bot
nefario: that incentivises us
to have fewer slots
bitfoo: anyone running a bot would jump at
that
smickles: i don't do engough
trading
to justify 1 btc a month
tho :/
smickles: it sounds straightforward
to me
nefario: orders will go
there before
they get
to
twitter
nefario: but
the service wont be free
nefario: right now we don't cache
the orderbook as it's
the only way
to get 100% accurate order info
smickles: i hear
the graphs have improvement coming
smickles: mircea_popescu: i bet
that's kakobrekla with
the first share
nefario: we'll be getting a speed boost later
this week
mircea_popescu: smickles or
they got wiped cause
they exceeded at some point
the person'stotal btc or somesuch
smickles: mircea_popescu:
the bids must have canceled with
the downtime / bug
smickles: i need
to free up some btc and calc a value for one of
those
mircea_popescu: well, it's 500 btc of mpoe bonds, 500 of patrick's nonpirate and 100 btc of NYAN.A which i understand is immune due
to
their
tiering.
smickles: so
the whole
thing is sans-pirate?
smickles: was
that operation pirate exposed?
smickles: mircea_popescu: it makes sence
to call everything an spv (or similiar) until rigid deffinitions and categories appear
smickles: i don't
think it should mess with
the basic definition of a bond
tho
smickles: turd even gets
the connotation correct
smickles: but
the fact
that
there isn't a maturity, repayment of
the principle, etc... bond is entirely misleaing
smickles: iirc
turd works well as it was defined
markac: "A special purpose entity (SPE; or, especially in Europe, special purpose vehicle/SPV, or, in some cases in each EU jurisdiction – FVC financial vehicle corporation) is a legal entity (usually a limited company of some
type or, sometimes, a limited partnership) [...]" -
http://en.wikipedia.org/wiki/Special_purpose_entity