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copumpkin: I sort of doubt they're really considered the same entity, and I get the impression mpex doesn't take much money to keep running :)
copumpkin: lukily, things like that don't happen often
copumpkin: it's like saying the credit crisis of 2008 is not sustainable
copumpkin: my point is that there's no reason to believe it's going to be a common occurrence, and thus talking about it being "sustainable" is irrelevant
copumpkin: some people call that short volatility, although that can mean other things too
copumpkin: you accept the risk of occasional big losses in exchange for fairly consistent small gains most of the time
copumpkin: writing options is a "long tail" kind of business.
copumpkin: nefario: who suggested it needed to be sustained?
copumpkin: or we could call it the f(x) = 1/x community
copumpkin: I propose we rename the community into Peaceful, Pleasant, and Professional
copumpkin: trying to resolve things peacefully and professionally
copumpkin: everyone is always so pleasant around here
copumpkin: believe it or not, bitches and girls are not interchangeable terms!
copumpkin: but since glbse isn't a traditional exchange structure, it might have more responsibility
copumpkin: I just mean it wouldn't necessarily shut down the entire exchange
copumpkin: so it might end up being something like the safe harbor crap on the internet
copumpkin: although nefario is kind of overstepping the typical exchange boundaries
copumpkin: they go after NYSE if a company listed there is found to be fraudulent?
copumpkin: (if you mean banning large cash transactions, etc.)
copumpkin: Smoovious: that's mostly individual countries with high tax evasion though
copumpkin: yeah, it's kinda uncharted territory :)
copumpkin: limited liability is an awfully good reason to register, when you're dealing with big loads of other people's money :)
copumpkin: Chaang-Noi: you keep repeating that, knowing nothing of the situation in the UK
copumpkin: with enough revenue, he's gonna get scrutinized
copumpkin: he's not personally trading currency
copumpkin: seems like a reasonable reason to make a company
copumpkin: I promise I'm not going to sleep with kuzetsa
copumpkin: [03:00:24] <kuzetsa> [02:22:13] <Chaang-Noi> i think once asics hit and the black reward goes down to 25 the price will go to maybe 10% of what it is now
copumpkin: #bitcoin-stochastic-calculus is the place to be, I guess
copumpkin: I thought everyone had forgotten about all that stochastic crap
copumpkin: mircea_popescu's been talking about ito?
copumpkin: who wants to take bets on my recovery rate for my non-pirate loans!?
copumpkin: plus state taxes, if you have them
copumpkin: I might get some french fries with my Hamburg-er
copumpkin: anyway, I might need to reassert my americanness after being so european on IRC, so I'm gonna go get a burger
copumpkin: and I already engaged in some hardcore circlejerking earlier today
copumpkin: Bane_Capital: nah, I'm not all that interested in showing people how smart I am
copumpkin: Bane_Capital: not really, but you can point out the sources of one's inadequate opinion and urge people to strive to diversify a bit