log☇︎
1035500+ entries in 0.819s
mircea_popescu: how long does it ususally take to resolve Obsi ?
mircea_popescu: is this customary ?
DeaDTerra: Anyone want to buy ASICMINER shares? ^^
mircea_popescu: are they public?
DeaDTerra: I have actually added a couple of rules to my investment rules book ^^ to prevent it happening again
DeaDTerra: I think a lot of us learnt from the whole JRO mess, At least I know that I learnt a lot.
mircea_popescu: didn't kludge get burned a yet undisclosed ammt over the owens/zip/rebate fiasco recently ?
MoneyIsDebt: Mining bond. Pays daily, always at exact time. Skipped once only - today. But it was explained on the forum
DeaDTerra: that's what I did, nice guy and very trustable
mircea_popescu: <assbot> [GLBSE] [DMC] 4 @ 0.05 = 0.2 BTC [+] wait a second. didn;t that start at 1.0 !?
smickles: oh, i didn't realize that
smickles: ciuciu: you're really hung up on that, arn't you?
mircea_popescu: if these are successfull any i will make larger ones.
mircea_popescu: not this time.
mircea_popescu: well since the bonds die and repay on the 1st of nov
patrickharnett: I didn't notice the 30'th date - wouldn't be a problem anyway
mircea_popescu: patrickharnett so i guess this has the side advantage to you that you know when you'll be asked to repay : 30th of october or thereabouts.
patrickharnett: yes, there is a lurking starfish
mircea_popescu: the only difference, teek, might be that in general cdos are based on fixed rate investments, which arguably mpoe bonds aren't, or at least eskimobob so argues.
mircea_popescu: tranche it 10/20/30/40 in 4 tiers
mircea_popescu: i think it's pretty much by the book a cdo.
teek: so if what mircea_popescu is doing is a cdo then no
teek: i am honestly not sure, but teek.a and teek.b really have no relation other than name
usagi: Well teek, didn't you actually invented the first CDO you know, teek.A and teek.B?
mircea_popescu: who's she ? and whether there's 2 or 18 is not really too important.
usagi: Actually I think she mentioned there are 2 tiers
usagi: there are three, chain-default tiers for which the interest paid is declared by fiat out of a pool, and not related to the underlying value of the funds?
teek: usagi, this isn't really the same as nyan
mircea_popescu: pretty much want to see what market says.
teek: mircea_popescu, the %'s for a,b,c are these arbitrary #'s you decide or is there some math behind them?
mircea_popescu: tbh i don't think there exists more secure anything than .A atm.
mircea_popescu: and then some
mircea_popescu: either mpoe or patrick would have to completely wipeout
brendio: MPOE bonds loose if MPOE makes a loss. For A to lose, one and possibly more of MPOE bonds, Patrick and NYAN would need to makes losses.
kakobrekla: i dont see how A can have less risk than MPOE bond if its operated by you on the end
usagi: quick im logging in now to cancel the ask
kakobrekla: hm imho clean mpoe bonds is better deal than A or B
mircea_popescu: cdos are limited by their very nature.
usagi: Henceforth NYAN.C is limited to 3,000 outstanding
usagi: I should probably do that too
mircea_popescu: sales are limited. did you read the contract ?
BTCHero: aww all the asicminer is gone
usagi: Then the price will shoot up and investors will not realize 9%
mircea_popescu: the top pays 2. the bottom pays 9.
usagi: It's too much pressure. You will have to limit sales.
usagi: for the top trance?
mircea_popescu: well that is the very point of a cdo.
usagi: You're paying 2x the value of the highest known paying security
usagi: Because it's too imbalanced
usagi: No one is saying they invented a CDO
mircea_popescu: dude srsly. this was announced ~4 months ago!
usagi: It's a big market, I'm not the only fast food restaurant
usagi: Kind of like TYGRR.BOND-PI and yarr but hey
usagi: Just seems strange 2 days after I explained NYAN to you, this comes out :p
usagi: No one is saying they invented the CDO
mircea_popescu: and btw, pinging teek.
DeaDTerra: Wow creative... I think I have heard about that before... something about a cat
mircea_popescu: go read the contract and have fun trading!
DeaDTerra: depending if the Interest rates are already paid out and what the market looks like
usagi: *** YARR: Dividend changed to 0.005/day until we get an announcement from pirate
DeaDTerra: Looking to buy Pirate bonds/assets for anyone that want out, and I am looking to sell ASICMINER shares :)
assbot: BITBOND [1@0.6BTC] paid: 0.16332995 BTC. Last price: 0.3902 BTC. Capital gain: -0.2098 BTC. Total: -0.04647005 BTC. (-7.7%)
assbot: Requesting data from GLBSE (might take a while).
DeaDTerra: The matter is by no way proven, but it's leaning enough for me to invest a good % of my capital into pirate
MoneyIsDebt: I guess that makes sense... If that's how he makes the money
DeaDTerra: The Bitcoin market become larger in volume hence harder to controll, he needs more capital to make the same amount hence the profit per BTC is less, hence he needs to reduce the interest rate.
MoneyIsDebt: Is he lowering rates because the price is so high now, it's harder to move it?
DeaDTerra: the actions of the people that meet him
DeaDTerra: talking to the people that meet him.
DeaDTerra: Several different aspects, Pirate showing that he's the manipulator, showing screenshots of him manipulating the market as well as doing it live.
DeaDTerra: I was going to get some cheak Pirate bonds :(
DeaDTerra: shit I think GLBSE crashed xD
DeaDTerra: Did pirate pay this weekends interest fully (7%)
DeaDTerra: I get 5% :) and I got 7% before, though I was not heavily invested into Pirate, but I am convinced now.
mircea_popescu: see the link i sent to teek above, it's from april lol
mircea_popescu: haha i think i have dibs on cdo's usagi
usagi: It's weird. Every time I list a new security, 2 or 3 pop up just like it
mircea_popescu: just give me a second here to finish this :D
mircea_popescu: actually, my lower tier will do 9%.
Chaaaang-Noi: its not hard to get 4.8 or 4.9% with a bit of trust :)
teek: yeah yeah mr top tier
DeaDTerra: I just got started with all of this :P
DeaDTerra: hm that sucks :(
teek: DeaDTerra, 5% top tier
teek: naw i think im good for now :P
DeaDTerra: and is there a official announcement yet?
DeaDTerra: What has pirate changed his rates to?
Chaaaang-Noi: want me to send you a second box full of 21 gpus? :)
gribble: Best bid: 12.32479, Best ask: 12.3248, Bid-ask spread: 0.00001, Last trade: 12.32479, 24 hour volume: 47868, 24 hour low: 11.7555, 24 hour high: 12.34
teek: sure, now i just want to understand it :)
mircea_popescu: putting the finishing touches on it nao.
mircea_popescu: if you wait a few minutes i'll show you the actual contract.
teek: mircea_popescu, still a little confused.. so in this case harnett would be the senior tranche thus offering the least reward, then mpoe, then you need some others in there or?
DeaDTerra: how do I do the purple thing? :(
mircea_popescu: so that'd be what i want to offer.
mircea_popescu: my ideea is that nobody currently has an inkling as to risk measurements in btc world
mircea_popescu: or things of the same reward and varying risks to arbitrage risk
mircea_popescu: teek you either mix things of the same risk and varying rewards to arbitrage reward
teek: mircea_popescu: i think i get it, thanks for the info.. so out of curiosity why would mixing something at .3% and something at 1% not be desirable?
usagi: Just technical analysis price points