27800+ entries in 0.015s
Mocky: I don't expect
to have enough
to bid on
the datacenter auction for august but I do for sept
Mocky: i would have bid up
to 12 in order
to win
the auction. but in any case
two bidders are not much of a market when one presumably has
the dollars
today but only bids up
to 2/3 and
the other will bid up
to 3/3 but is liek, 'can i bid
today and pay 10 days hence?'
BingoBoingo: jurov:
The problem I find myself in at
this
time, is
that
the
time
to spec
the auction
that way is when opening it.
jurov: Surely you can do
the "making bank" better, go for it.
jurov: When asked, I quoted market avg +5%, last year due
to volatility actually ended up with less
than 5%.
jurov: Better option
than shortening
the
time imo.
jurov: BingoBoingo: but
the auction isn't set in stone, nobody (surely not me) would bat an eye if you canceled and redid it at different price
a111: Logged on 2019-07-09 14:25 asciilifeform: ( could, e.g. spyked ? diana_coman ? all you need is a free world passport, and rake in
the dough )
diana_coman:
http://btcbase.org/log/2019-07-09#1922167 -> uhm, raking in dough at
the expense of pizarro and its customers doesn't strike me as desirable and
the alternative is essentially
to do
the financier part for pizarro which doesn't strike me as very healthy either.
☝︎ BingoBoingo: Next month's auction will have
the reserve applied, unless asciilifeform and mod6 both vigorously object
mp_en_viaje: the implicit margin would be "when bitcoin was
trading at 12 we were selling at 9 [and
therefore buying at 15]". 9-15 spread means no less
than 66% spread,
this is not even a
thing, like saying open circuits are "practically closed".
mp_en_viaje: however, if
the gap is absurdly wide -- and yes, 33% on ONE SIDE amply qualifies for absurdly wide -- you can't very well say
that, because
the reality simply can't be
that.
mp_en_viaje: re
the iffy above : if
the gap is relatively narrow, you can very well
tell
the customer, "looksy, i dun so much care what you read on
the internet,
the reality is
this and if you don't like it -- do something".
mp_en_viaje: these are
the actual articulations of
the matter from a business & finance pov.
mp_en_viaje: if you don't want
to do
that, you'll have
to judiciously use
the reserve ; and in order
to be able
to do
this, you must ACTUALLY HAVE
that reserve,
through having your own network of corresponding financiers.
mp_en_viaje: passing it
to your customers implicitly is iffy.
mp_en_viaje: then
the 12-9 difference has
to go on your books, as such. "this month, we spent 0.11 btc on incentivizing
the lazy and inept cloud of hanger ons so maybe
they galvanize into some kind of economically useful activity"
mp_en_viaje: now : ~if~, and
this is a big if and something
that needs specific management decision, you as a corp decide
to carry
the cost of inefficiency, so as
to sponsor into existence a market,
BingoBoingo: It was a wondering if
the unfixable former was contributing
to
the later, but I'll leave
that
to its own pile.
mp_en_viaje: for
this reason
they shouldn't be comingled into one pile.
mp_en_viaje: they're not
the fucking same
thing at all ;
the former's unfixable while
the latter's intolerable.
mp_en_viaje: however,
there's also
the market inefficiency fx risk, where on
the fucking day your auction closed, your auction
traded at 9 and
the other market
traded at 12.
mp_en_viaje: BingoBoingo,
there's
two separate issues here. one is
the implicit fx risk -- if you're stuck paying suppliers on say 5th and sell your product on 28th
the exchange rate may move and you could find yourself in
this situation where you bought items with btc at 9 and sold
them with btc at 12.
BingoBoingo: Anyways,
thinking on how
the exchange rate is moving at a more lively clip... Would it make sense
to shorten
the duration of
the auction for
the larger Datacenter parcel? Auction opens
the 8th between 0:01 and 1:30 UTC and 25 or 26 hours later on
the 9th, and keep doing
that month after month.
☟︎ BingoBoingo: This, or something similar is what I'm inclined
to do next auction. Open it at a locally available rate + margin for some double digit dosiedo costs.
mp_en_viaje: it's another
thing if you end up
trading at prices from jun 1th on july 9th
mp_en_viaje: it's one
thing if you find some dork in buenos aires who does 1% off market and you add 50 bucks for your
ticket and 50 bucks for your
time
to
that ;
mp_en_viaje: BingoBoingo, one possible approach here is
to set yourself a hook-up irl, and
then put
the auction in at
THAT price.
BingoBoingo: The bicycle guy and a few others.
The others
tend
to insist on larger spreads.
BingoBoingo: I will be making rounds
this month seeing who are
the conduits
that keep
the latest crop of Venezolana's granparents from starving in old country.
mp_en_viaje: but hey -- at least sitting on ass for a year and not making any contacts on local bitcoins resulted in local bitcoins finally closing down, and so now we don't need
to make excuses for why no contacts doing
the p2p
thing -- "there is nowhere" etc.
mp_en_viaje: it is a measure of idiocy,
this, when in a market
trading at x, you're stuck
trading at 2/3 x.
mp_en_viaje: much like we're sitting on ass waiting for somebody else
to do something and save us, and have not in fact
talked
to every potential customer.
mp_en_viaje: i rather suspect we're just sitting on ass waiting for "things
to happen", and have not in fact
talked
to EVERY SINGLE STREET
TRADER / supermarket / etcetera.
mp_en_viaje: i somehow doubt
the foregoing, seeing how i had no problem dealing in whatever fiats i felt like by
the wheelbarrow not so long ago ; both
through
the chinese financial support of
their supermarket
trade and
through local money exchangers in
the streets etc.
mp_en_viaje: the idea being, nobody
trades bitcoin for fiat in uruguay, we know
this for having looked ; and nobody
trades bitcoin for fiat in buenos aires, either, we also know
this for having looked, because
the fiddy bux it costs
to cross
the river goes into
the gap many many
times over.
BingoBoingo: <asciilifeform> speaking of
this, BingoBoingo -- how long until ~you~ can pick up yer phree world passport ? << Still at least a couple years out.
a111: Logged on 2019-07-09 14:19 mp_en_viaje: we're
talking 2/3 sorta margins here, i dunno if it's obvious, but merely 6% or so was enough for me
to set
the bozo bit on all of fucking norway.
BingoBoingo:
http://btcbase.org/log/2019-07-09#1922162 << Last month I set
the starting price on
the big auction close
to
the reported rate and Jurov came
through.
This month I read noise in
the channel about people wanting opportunities
to buy more BTC, and I erred opening bidding on
the parcel
too low.
☝︎ a111: Logged on 2019-07-09 14:19 asciilifeform: iirc he was making ready
to
try it, had 'bicycle man' or what was it
PeterL: today heathen exchange says 13k, but during
the auction it was more like 10
to 12k
PeterL: asciilifeform: how does
the
type of passport affect
the ability
to join in auction?
☟︎ mp_en_viaje: asciilifeform, "making ready" ain't a
thing.
mp_en_viaje: we're
talking 2/3 sorta margins here, i dunno if it's obvious, but merely 6% or so was enough for me
to set
the bozo bit on all of fucking norway.
☟︎ mp_en_viaje: of course, can also do
this offline with ffmpeg or something.
a111: Logged on 2019-07-09 02:35 Mocky: fyi
to mocky.org readers: blog will be in a sad state for a bit but functional. images not fitting page size, most old comments refused
to import, will need
to write a script
to dump
them in one at a
time. I'm putting
the old content of mocky.org at mockyhabeeb.com for reference until everything is back in place
Mocky: fyi
to mocky.org readers: blog will be in a sad state for a bit but functional. images not fitting page size, most old comments refused
to import, will need
to write a script
to dump
them in one at a
time. I'm putting
the old content of mocky.org at mockyhabeeb.com for reference until everything is back in place
☟︎ Mocky: that would be great,
thanks
BingoBoingo: That appears
to have fixed it here
too. Your select doesn't seem
to be working atm. I can fix
that for you really quick.
Mocky: yup
that 'fixed' it
Mocky: i bet
the images never migrated at all, only pointed
to exiting img folder, hmm. i can replace it for now
Mocky: I deleted everything in www and cp -a * ~/www/ from in wwwhabeeb and now images are broke in mocky.org and mockyhabeeb.com, which i expected
to be unchanged
Mocky: ok seems like everything worked except
the images
Mocky: i'm going
to
try it now, see what happens
BingoBoingo: Mocky:
That would probably work. Otherwise I could change your apache vhost file
to use
the wwhabeeb directory as its root
Mocky: I was
thinking I could just swap
the contents of 'www' and 'wwwhabeeb'
Mocky: BingoBoingo: I have my blog posts migrated over
to
the mp-wp you set up for me on UY1, I want
to switch over and have mocky.org served from
there. What's a good way
to do
that?
Mocky: BingoBoingo: looks good. I'll update you on when
these will be sent. 19th at
the latest, maybe sooner
BingoBoingo probably going
to have
to narrow
the gar between
the datacenter parcel and heathen rate again next month.
BingoBoingo: Before
the 20th is fine, later
than
the 20th would induce some anxiety, later
than
the 25th still more, and
the very last day of
the month would induce serious question regarding bidding motives
BingoBoingo: Faster delivery is nice, but delivery in a reasonable frame of
time is acceptable
Mocky: if i had a couple more benjies i'd bid on
that
BingoBoingo: Mocky, billymg: Either of you want
to get in on
the bidding action?
mp_en_viaje: one of
the beautiful
things about minsk is
that
the sun sets a
tlike 23:0