log☇︎
258400+ entries in 1.823s
nubbins`: i just had a tuna sandwich
nubbins`: Vexual: i can't bring myself to add store yeast
nubbins`: i'm just canadian
nubbins`: i was born here
nubbins`: i'm not irish-canadian or british-canadian
nubbins`: jurov`: maybe it's just me, but i think it's a bit silly to call yourself african-anything if you were born in north america
nubbins`: i tried adding a bit more water this time, no difference
jurov`: i'm not implying that afroamericans speak african
nubbins`: i knead for about 10 minutes, bowl and cover, punch down and form loaves after 4-6 hours, proof in the pans for another 4-6 hours, then bake
nubbins`: Vexual: i was worried about not kneading enough
nubbins`: anyway, i think "african-american" is a silly phrase
kakobrekla: i hear dat.
Namworld: I know...
KRS|gotyawallet: Namworld I didnt think of that. I should tell my black friend he too must be a country..hmm.
KRS|gotyawallet: This was the most positive article about bitcoin I think I ever read, and it just came out
KRS|gotyawallet: I think so too..the most positive article I read is how countries like china and countries in africa will be hoarding them because they are a perfect financial vessle for financial freedom
pankkake: but I'm sure many people would come to get those bitcoins
nubbins`: i mean, i know we're all irrational actors
nubbins`: it's true, i lost my shirt twice and i'm still laughing
ThickAsThieves: I thought he was gonna make a decent point,
KRS|gotyawallet: thats the main point of the article, nubbins..as i read it
KRS|gotyawallet: i think
nubbins`: or am i missing something
nubbins`: i mean, in order to convert x btc into $50m, other users have to put that $50m into the exchange
ThickAsThieves: i havent nubbins, will check em out
ThickAsThieves: i was too busy rocking out to skate anyway
nubbins`: couple weeks ago my wife and i ate a bunch of acid and played it for hours
nubbins`: heh, i've been playing lots of mario kart wii lately
jamespeerless: anyone know how my bet weight works if I bet multiple times on same bet?
ThickAsThieves: i was too cool for that shit
ThickAsThieves: i never skated
ThickAsThieves: i still prefer screen-printed stuff anyway
ThickAsThieves: I used to run and maintain ESTAT machines
ThickAsThieves: I get one of these per month: "I have been studying your website and funds but I don't see information on how to invest in those funds. Is there information posted that tells how to invest in the funds?"
thestringpuller: http://i.imgur.com/STdRfL5.png
ThickAsThieves: i assume back divs are paid in either case
Ukyo: [12:34] <Ukyo> due to the situation with weex, i stopped issueing dividends on the loan for now. I am setting up a seperate claim/management system where users will either a. begin to get daily divs again, or b. be able to get all missed divs with payoff
ThickAsThieves: they have about 3000 left to sell i think
ThickAsThieves: I think the AM cubes are like 30GH?
zoinky: since i walked away
iamnot_: thanks for the heads up. i will read up on them.
pankkake: I'd just make the IPO on a BTC address
mike_c: jurov`: I don't see anywhere that you are at risk for max of collateral. not to nag, but what's your confidence on that?
nubbins`: good buy, can i pre-purchase all the shares?
thestringpuller: i'm in lets do it
ThickAsThieves: I'll IPO an indexing website
ThickAsThieves: <iamnot_> pankkake: hmm i see. yes, i miss daily dividends. hopefully something else will come along. <<<< Don't hold your breath, no one serious and not scammy enjoys providing daily divs
stephengandel: Not really. How much collateral would I have to put up?
mike_c: jurov`: is that true? i would expect that if the loss was higher than collateral the difference would come out of your mpex account.
stephengandel: But again, to sell a call I would have to open a MPEx account?
pankkake: I hope so; I have not invested elsewhere really
stephengandel: I guess that's the advantage of buying a put rather than selling a call. Because if I sold a call I could lose an unlimited amount.
iamnot_: pankkake: hmm i see. yes, i miss daily dividends. hopefully something else will come along.
stephengandel: And if I buy two contracts and instead the price goes up by 54% or to $1694, then I lose what?
stephengandel: mike_c, if I just do one contract. I lose money, right? Because I was sitting with bitcoins, or because of the leverage? Maybe both?
iamnot_: whatever happened to XBOND? I don´t see it on Havelock anymore...
thestringpuller: no the link i sent last night
stephengandel: yes, that's my point. since all of this will be done in bitcoins, when I exchange back, won't I lose money, but maybe I have this wrong?
stephengandel: I know but I will get it back in bitcoins, not dollars, correct?
ThickAsThieves: i dont even know how many are actually sold now :/
pankkake: I wonder if this is a "must have shares now" or not knowing
stephengandel: Something I am missing?
nubbins`: that's the firt time neobee has been > ipo for a while, i think?
stephengandel: Now when I convert that back to dollars at the now btc rate of $1/500 BTCs, I would get $87. Meaning I still lost money!
stephengandel: add that to what I had left in my account, and I will have a total of 0.17468842 BTCs.
stephengandel: from the beginning, I buy my 0.1 bitcoin to open the account, which currently costs $110. Then I buy the put for $49, or 0.04537758 of a bitcoin, and then I have 0.05468842 left in my account. Let say the price of a bit coin drops to $500, and I exercise the option. I will get 0.12 bit coins when I exersize.
stephengandel: And then I have the problem that I have to convert that back to dollars, and in doing that I will have lost money on my bitcoins because they will have dropped in value.
stephengandel: OK so it would cost me $49, and if a bitcoin drops to 1000, then I lose $39. For me to start making bitcoins have to drop to $610. Is that right?
ThickAsThieves: I see
stephengandel: So I have to pay the selling price to buy a put?
stephengandel: but that's the price to sell. I am buying a put.
stephengandel: So if the price of a bitcoin went down to 1000 when the contract settled, I would make $10 minus the cost of the contract, or $3.80
stephengandel: And also I have the problem that all of this would be settled in bitcoins, so any money I made on the futures bet against bitcoins would be offset by the fact that I own bitcoins, which would be worth less in dollars.
stephengandel: But then I would need margin? Correct?
stephengandel: Seems like selling a call I could make money even if they went down a little bit?
stephengandel: Is it different if I was selling a call vs. buying a put?
ThickAsThieves: last i checked all the options require extreme price movement to profit
stephengandel: But I bought a put?
stephengandel: So for the p080 contract, it would cost me roughly $1.70 to but the contract., with bitcoins at a current 1100. What would I make if bitcoins go down to 1000 or 900?
stephengandel: where can I see the price of a put? Or am I not understanding this correctly.
stephengandel: OK. But if I bought a put on the 0.USD.C050T on coinbr, I would have to put up .44 of a BTC as collateral?
jcpham: Apocalyptic i'm not sure copying and pasting a link is promotion
ThickAsThieves: I love that MPEx costs $35k now
ThickAsThieves: do i have someone on ignore?
stephengandel: I don't understand.
stephengandel: So to do this on coinbr. I would have to open an account for 30 BTC, $30,000?
ThickAsThieves: I think you would need an MPEx account, and to negotiate margin with mircea_popescu
stephengandel: Is it the same if I go through coinbr as MPEx?
stephengandel: what if I sell the contract?
stephengandel: that's if I buy.
jurov`: stephengandel: i'm the owner of coinbr
stephengandel: OK, Can I find the same info for coinbr?
ThickAsThieves: ah, one thing I can tell you is you will find more ICBIT users in #bitcoin-analysis
stephengandel: OK. On ICBIT there is a BTC/USC 12.13 contract that has a range of prices all above the current price of a bitcoin to USD. So I am guessing these are the strike prices? I was told that a contract costs $10. But that can't be the same for all the strike prices. I am trying to figure out what it costs to sell futures contract.
stephengandel: Hi. I am a reporter trying to understand bitcoin futures. Anyone willing to help?
nubbins`: anyway, the bread is fucking delicious, which is what matters, i guess
nubbins`: i created this sourdough starter last september
nubbins`: i birthed this sourdough starter last september
nubbins`: yeah, i'm stubborn
davout: i do it with store-bought yeast