1033800+ entries in 0.732s
mircea_popescu: this reminds me of
the virgin kids in highschool.
they had sex "elsewhere".
copumpkin: mircea_popescu: he buys elsewhere
too
usagi: is
to sell YARR now,.
smickles: copumpkin: excelent
timing on
that one :)
mircea_popescu: I’ve spoken with my clients over
the last week and come
to an agreement
that would allow me
to close down my operation within a week. Currently my reserve (operating wallets) are drained from fulfilling
the withdraw spree
that happened after
the rate drop announcement. All withdraws at
this point will be delayed until Monday when
the shutdown process begins..
usagi: I'll have
to go read about it.
mircea_popescu: smickles someone bought
them out and i
think is
trying
to get people
to buy in quickly and not read
the contract.
Azelphur: I imagine
things are going
to be interesting over
the next few days as people reinvest BS&T funds
smickles: all
these other
things are
taking a dive, mpcd gets a 1k buy
EskimoBob: Interesting, what happens
to zeros?
nanotube: mircea_popescu: by definition, a ponzi cannot be softlanded.
there cannot be enough money
to pay all depositors. so if all funds are paid out, it was not a ponzi
mircea_popescu: now
that he's out of
the picture
things might come back
to some semblance of sanity.
smickles: why isn't an apy of 100% appealing in bitcoin, everyone want more
that 100%
mircea_popescu: where's bitcoin kruger
to explain
that
the btc economy needs negative interest bonds
smickles: i'll need
to crunch some numbers
smickles: we might be able
to safely do 1% per week
smickles: heh, mp, it's all about
the sort of interest you're
talking about
mircea_popescu: well, mpbor was ~5% on
the last month, so i'd guess something like
that.
smickles: we'd come up wiht amount
that we know we could cover, even if most of our income falls
thru
mircea_popescu: or just go for a normal honest
to god bond like in sanityland ?
mircea_popescu: smickles how do you convert your income
to fixed return ?
mircea_popescu: smickles well, i was gonna say yest, are you
tranching it ?
smickles: so mircea_popescu, in
this new world, what kind of coupon would be interesting for a Ss²cbond?
mircea_popescu: dude i
tell you, if
that guy ran a ponzi for ~1 year and manages
to soft land it
mircea_popescu: smickles
truth of
the matter : not so many businesses in bitcoin land
smickles: the parts of
the cdo can't fulfill
their obligations w/o pirate?
EskimoBob: start pacing buy orders
to PPT* :)
Obsi: Someone should sell popcorn for BTC,
they'd make a killing
EskimoBob: no, if he closes down and returns money,
this is NOT a default
JWU_42: nefario: just a
tad ;)
jcpham: but i
thought it was default
nefario: this is going
to hurt
trade volume
mircea_popescu: hmm, now i dont recall
the
text. diodn't he have
to survive
till sept jcpham ?
EskimoBob: lets just hope
that PPT guys do not fuck us all over
Obsi: it shows
the original post date
smickles: "An organization which aims
to spread human ride robots. "
mircea_popescu: EskimoBob yea,
that may be a problem. especially for daytraders.
EskimoBob: I also like
to have multiple orders out for same "money" available but
this can cause huge swings in
the orderbooks
nefario: mircea_popescu: not really, since
there aren't
trades 100% of
the
time
nefario: other orders
then get cancelled
nefario: as part of
the processsing
nefario: mircea_popescu: actual processing of
trades has
to happen in a queue
smickles: it's not like i was married since puberty
tho
mircea_popescu: it just so happens
that by accident at
the EXACT SAME
TIME
two people sell, A and C
smickles: did i know, mp, lol, i once came across a girl who
thought her stuff was my cum
mircea_popescu: nefario : suppose i have 10 btc. i put in
three orders,
to buy A, B and C each for 10 btc.
smickles: well, saying
that it lowers
the viscosity seems
to describe it exactly
mircea_popescu: did you know
that
the hornier a girl is,
the more viscuous her moisture ?
nefario: hmmm can't really
think of
the correct
term
mircea_popescu: it has its advantages, as long as you can make sure
that you're not hit with double spends
smickles: it spreads
the liquidity which is already
there, around
nefario: actual amount of BTC stays
the same
smickles: maybe saying
that it brings greater liquidity is not actually correct
tho
nefario: it means people can
take advantage of more sell offers
nefario: and
the amount of
trading
that can be done with
the same amount of BTC will increase
mircea_popescu: well if someone can put in as many orders as
they want based on 5 btc
nefario: so I'll be able
to add other
things after
nefario: it's whats been
taking up my
time as well
smickles: mircea_popescu: no reserves in
this context means
that you have 5 btc in
the account. you can place as many 5 btc orders as you want. When one of
them is
taken,
then
the others are canceled
smickles: nice, i'm looking forward
to it
nefario: I'm
thinking
tuesday latest
nefario: as long as
they are less
than
the
total value of
the BTC available
nefario: it will mean
there will be no BTC reserve
nefario: will be rid of bitcoin reserves by
Tuesday
nefario: worked on
test server didn't work on production
assbot: DMC [1@0.64BTC] (since: 29-08-2012) paid: 0 BTC. Last price: 0.045 BTC. Capital gain: -0.595 BTC.
Total: -0.595 BTC. (-93%)
nefario: fucking FINALLY got something
to work
assbot: Requesting data from GLBSE (might
take a while).
area: I wasn't worried
too much about a delay, just wanted
to make sure I'd requested
them :-)
gribble: Best bid: 15.20001, Best ask: 15.325, Bid-ask spread: 0.12499, Last
trade: 15.20001, 24 hour volume: 89312, 24 hour low: 13.2, 24 hour high: 15.4
mircea_popescu: sgornick is it me or
that bitbin.net site doesn't actually exist ?!
EskimoBob: and do not forget
to "paint"
the issuers bid/ask in
the order book
nefario: small changes, improvements etc
that people want can be added easily
then
area: ciuciu: Did you get my PM on
the forum? I have nothing in my outbox and am currently wondering if I managed
to not sent it