3013 entries in 0.113s
copumpkin: usagi: he's announced the upgrade path
copumpkin: usagi: it's fairly common, if you're providing liquidity for something, to make a ladder of small orders
copumpkin: a bit like mtgox in its annoying emails
copumpkin: usagi: because it probably reports every order crossed
copumpkin: this sounds like that riddle about the hotel bellboy getting tipped
copumpkin: I just drank a bottle of kombucha ffs
copumpkin: I want greek yogurt with strawberries in it
copumpkin: I just don't know how strong it is
copumpkin: mircea_popescu: I dunno :) it's not insider, since it's the entire economy, but I know ratings agencies have special regulation
copumpkin: does it count as inside trading if you work at S&P and short a market index before a ratings downgrade?
copumpkin: ciuciu: he has more buttsecks in a month than all of the rest of us combined in a lifetime
copumpkin: why are people so obsessed with mircea_popescu's porn career?
copumpkin: Diablo-D3 wants his dick sucked again
copumpkin: it's more useful than bickering in here though
copumpkin: what the fuck does an STM implementation do?
copumpkin: write an STM implementation already
copumpkin: ciuciu: let me guess, you're here to fight!
copumpkin: now mircea_popescu has to go and outdo my effort
copumpkin: this is auto translated from romanian
copumpkin: not just because of my 0.000001% stake
copumpkin: mircea_popescu: damn, sorry to hear that :/
copumpkin: with people sleeping in shifts around the clock
copumpkin: timezones only make sense when there's sunlight to go by
copumpkin: so the main benefit of selling investment insurance over investing directly is that you don't need to provide money, because the risk profile is identical. This lets you invest in a million different things, and assume way more liability than you're worth (ultimate leverage), which is only sane to do if your investments are uncorrelated
copumpkin: which is what allows you to diversify like crazy
copumpkin: becasue you don't need to pony up cash up front
copumpkin: UNLESS you can do so all over the place
copumpkin: it doesn't make sense for you to accept less reward than a direct investor
copumpkin: you're taking on the same risk as a lender/investor as an insurer
copumpkin: mircea_popescu: that was a problem, but the main issue for profit vs. risk assumed is diverfisifcation
copumpkin: but mostly, insurance is only really worth it if you have a really wide uncorrelated portfolio of insured things
copumpkin: yeah, I realized I didn't want to diversify coverage enough to make it work, and the legal issues with CDSes in particular were too annoying
copumpkin: hah, I would except I don't drink coffee
copumpkin: lots happens that would completely dawrf mtgox