log☇︎
1033700+ entries in 0.837s
gribble: Best bid: 11.35, Best ask: 11.6, Bid-ask spread: 0.25000, Last trade: 11.35, 24 hour volume: 150600, 24 hour low: 11.35, 24 hour high: 15.4
mircea_popescu: pity that people have this run from btc "investment" all the way to usd mentality.
smickles: ah well, i got a good price for 'em, we'd have to actually drop below 9 for that to hurt
mircea_popescu: mtgox has turned into wannabitexchange :D
smickles: lol, on the day i decide to sell my puts struck at 9
gribble: Best bid: 11.579, Best ask: 12, Bid-ask spread: 0.42100, Last trade: 12, 24 hour volume: 148079, 24 hour low: 11.4, 24 hour high: 15.4
mircea_popescu: a ty
gribble: There are currently 21613.255 bitcoins demanded at or over 10.0 USD, worth 232063.966674 USD in total.
gribble: Best bid: 11.87601, Best ask: 12, Bid-ask spread: 0.12399, Last trade: 11.87601, 24 hour volume: 147383, 24 hour low: 11.45, 24 hour high: 15.4
mircea_popescu: buy them back
mircea_popescu: buy them back
gribble: Error: Failure to retrieve ticker. Try again later.
gribble: Best bid: 12.269, Best ask: 12.35, Bid-ask spread: 0.08100, Last trade: 12.3981, 24 hour volume: 132153, 24 hour low: 12.269, 24 hour high: 15.4
mircea_popescu: yeah that's dropping fast.
mircea_popescu: it spun me around, i was -3k on puts now i think im more like +3k
smickles: heh, you wanted ppl to buy some puts
smickles: people must really think pirate is not going to pay back
EskimoBob: and then it turns around and off it is
mircea_popescu: 130k, what's that.
mircea_popescu: and volume isn't that great i'd say.
gribble: Best bid: 12.49501, Best ask: 12.5, Bid-ask spread: 0.00499, Last trade: 12.5, 24 hour volume: 130540, 24 hour low: 12.5, 24 hour high: 15.4
smickles: it's the bitcoincharts pvo
smickles: you should lay down a C1000N, just for the fuck of it
smickles: mee too
mircea_popescu: and i was getting all geared up to add strikes 20-30
mircea_popescu: mmm i think that's over 5k btc worth of puts for the day.
gribble: Best bid: 12.80817, Best ask: 13, Bid-ask spread: 0.19183, Last trade: 12.8, 24 hour volume: 122466, 24 hour low: 12.8, 24 hour high: 15.4
mircea_popescu: ok, this is a clearly massive selloff.
mircea_popescu: ok, i am guessing the bubble is popping huh
usagi: gotta reload 2 or 3 times
usagi: it's difficult to get a trade page on glbse
smickles: so he can buy cheap coins to pay people off
smickles: pirate is manipulating the price down
smickles: i'll laugh if they end up itm
smickles: maybe i sold those puts too soon
gribble: Best bid: 13.35, Best ask: 13.35001, Bid-ask spread: 0.00001, Last trade: 13.35, 24 hour volume: 115247, 24 hour low: 13.17524, 24 hour high: 15.4
mircea_popescu: whoa look at that!
mircea_popescu: usagi those exist ?
mircea_popescu: well of course i left things out, i was being mean.
usagi: You should take a look at what NYAN.B invests in
mircea_popescu: and pirate bonds, where you make more each month and lose most of your capital in three month intervals
mircea_popescu: so in the end glbse investments are of two kinds :
smickles: .7 to .3?
smickles: i just sold those at 10x what i thought they were worth
gribble: Best bid: 13.827, Best ask: 13.8648, Bid-ask spread: 0.03780, Last trade: 13.827, 24 hour volume: 109753, 24 hour low: 13.2, 24 hour high: 15.4
usagi: I actually had a theory that pirate defaulted because people were withdrawing from direct accounts and buying YARR and other issues
farfi: you think he will dfault?
usagi: Now I will finally be able to prove CPA is for real
usagi: I've been waiting for this
smickles: i do most of my stuff at the beginning of the month
nefario: eventually to be re-instroduced
smickles: between mpex and some other choice things, i make btc up, down and sideways
nefario: the money removed from the economy
nefario: > mircea_popescu: i wonder what the fallout scenarios are if pirate is never heardfrom again.
mircea_popescu: i wonder what the fallout scenarios are if pirate is never heardfrom again.
mircea_popescu: i think people are getting real antsy about btc/usd atm
mircea_popescu: these were short i think.
smickles: wouldn't it be better to execute in that situation?
smickles: jees, ppl selling hard into the bot?
mircea_popescu: back to 14.5
usagi: I'm actually kind of relieved. I had wanted to sell YARR and focus on writing a killer bitcoin app
usagi: In this case "high risk" will become things like timeshareafrica, DMC, and..... Mining Bonds? heh
kakobreklaa: hm pirate ending... i smell the short era of cdos
usagi: That's the plan
usagi: erm, half of it will go to C
usagi: So theoretically if we bid wall at 1 and shut down YARR we will be left with 2350 BTC of assets, which will go to NYAN.C.
mircea_popescu: you'd expect people to divest pirate stuff move into nonpirate stuff
smickles: s.mpoe is on the rise, mpoe.etf is going down?
usagi: i.e. right to profit
usagi: NYAN will pay out because it passes thru from A and B as well
usagi: However there is a risk that pirate will return nothing and NYAN will pay zero for a couple of weeks
usagi: NYAN.C that is
usagi: NYAN will have a huge dividend.. hmm, more than 30% I think
mircea_popescu: smickles that might work. tho i'd make it 3 or 6 months. time compression online.
usagi: Here's your fair warning; If pirate returns all coins to investors
usagi: And I've limited sales of NYAN.C to 3000 outstanding
usagi: This is going to be funny
usagi: After the payout there will be a huge dividend
usagi: Well, actually, NYAN will be realizing that profit
mircea_popescu: As it turns out, the market severely overvalued the premium on pirate insurance. < ?!
usagi: As it turns out, the market severely overvalued the premium on pirate insurance.
smickles: weekly, i meant to say
mircea_popescu: NYAN.C and YARR should get 1 bitcoin back from our pirate investments <> Both of them have nothing to do with pirate
usagi: NYAN.C is a derivative and if pirate goes to zero it is still worth 1 btc
usagi: Both of them have nothing to do with pirate, YARR is insured even if we get 0 back
mircea_popescu: usagi : there's the school of thought that nobody hears from pirate again.
usagi: Do NOT sell NYAN or YARR for less than 1 bitcoin.
mircea_popescu: i love them too. nothing wrong with that.
usagi: We will then operate a bidwall at 1.
usagi: Well how this should play out is, NYAN.C and YARR should get 1 bitcoin back from our pirate investments
copumpkin: well, I love them
nefario: you use them
smickles: i want t make a 1000 btc bond which matures in 1 year and pays a monthly coupon of 15 btc, or something like that
nefario: > mircea_popescu: as if at that age there's other places and other girls.
usagi: YARR is about to go to 1. Cancel your bids :p
mircea_popescu: i think copumpkin had it : all coins lost.
mircea_popescu: this on the 13th
mircea_popescu: Starting today, I've lifted the referral only requirement to open a Savings account.
smickles: so copumpkin, i imagine you're gonna exercise that cause in that contract, eh?
mircea_popescu: as if at that age there's other places and other girls.