300500+ entries in 2.303s
mjr_: i think this is more similar to
a Carry Trade, rather than an arbitrage
mjr_: perhaps
a bond of or something
mjr_: well, if i come up with
a strategy that works, and can mathematically be shown where exactly my risks are
mjr_: its closer to
a standard deviation
mjr_: my calculations over the last year on
a daily basis (365 data points) show
a historical daily volatiltiy of 120
mjr_: but need to test
a LOT before i try that
mjr_: if it looks, acts, and sounds like
a currency
mjr_: that was an oblique reference to
a harry potter fan fiction (LOL) in which harry is curious about the arbitrage possiblity between wizard gold and gold on the spot market in the muggle world
mjr_: now i have
a question
mjr_: hmmm....i think that the bond has
a symbol too, but i can't remember what
emptyeddepended: well in case of S.DICE it's
a short cut for satoshi's dice
CheckDavid: I have
a doubt about assets nomenclature
mjr_: yes SDR's are
a great example
ThickAsThieves: so you don't see bitcoin as
a the populous currency of the future?
mircea_popescu: but they make
a poor standard, as they're not wealthy or socially needed.
mircea_popescu: i understand that the life of most consists of
a daily struggle to produce "
A little pocket change".
mircea_popescu: only way to make it appear relevant is through
a leap of faith, aka willing suspension of thought.
mircea_popescu: <ThickAsThieves> maybe there should be
a btc-alliance, businesses that refuse to accept fiat << yeah. there is. everything i do.
emptyeddepended: that's
a huge step. i see another beneficial aspect of bitcoin, but yet there aren't enough merchants. i live in europe and
a wire transfer to china to purchase goods is very delayed and expensive. bitcoin could do that in ease..
ThickAsThieves: however
a refusal to take fiat is also
a refusal to convert fiat into btc if you are paying out more btc than fiat as
a company
ThickAsThieves: any service company that pays employees in btc is
a start
emptyeddepended: look at AM. that's the closest thing we have right now, i'd say.. and i was happy to realize that. buy btc, trade stocks in btc,
a whole company born through btc and they even sell btc related products for btc -- but if you substract mining (and financial instruments), there is nothing even close to that
ThickAsThieves: maybe there should be
a btc-alliance, businesses that refuse to accept fiat
mjr_: but
a small "farmers market" farmer
mjr_: not
a corporate farmer
mjr_: the person who could do this best is
a farmer i think
mjr_: hence my point about getting
a complete business cycle to operate in btc
mjr_: i mean, if
a bar COULD say, one jameson rocks is .05 bitcoin, now and tomorrow and next week
mjr_: i meant it is cool that someone is being
a base
ThickAsThieves: not only do you need
a totalyy btc business cycle, you need layers of it, and it probably boils down to some root fundamental i'm missingh
mjr_: if you could get
a complete business cycle to work in bitcoin
mjr_: but no one uses it as
a unit of account
ThickAsThieves: but, yes, the money moving off exchanges is
a decent theory,
mjr_: TBH there is
a slightly increased inflationary effect
mjr_: coinbase is probably
a buyer as well
ThickAsThieves: the joke being that what good is
a ponzi without new bagholders?
mjr_: silk road (pretend they are taking the money) is
a net buyer of bitcoins
mjr_: the way i try to look at it, is "is this company
a net buyer or
a net seller? if so, do they hold coins, or get rid of them immediately"
mjr_: yeah, you could say that they are
a dumper as well
mjr_: that would partially lend itself to
a hedging strategy, which would require either futures or options...
mjr_: they should take their role, as
a central flow of bitcoin and use it to stabilize
mjr_: not in
a sinister way
mjr_: yeah, i had it when it was .03%
a day
mjr_: I have
a new theory by the way, on what has been going on with prices
mjr_: but not sure, its been
a while
mjr_: 11%
a year is fine i think
Namworld: It's
a hashing speed. The bond basically pays the expected proceeds of X mhash/s of mining over the payment period.
mjr_: its
a synthetic processing power
Namworld: While
a hashing bond is just that,
a fixed X mhash/s payment at fixed intervals
mircea_popescu: somehow people have come to believe homebrew is
a better solution than the actual solution for some reason.
Chaaang-Noi: <mircea_popescu> what we talkin' about ? you, and if you were
a troll or not.
CheckDavid: That's apparently
a bond that doens't pay principal?
matthew_boyd: He was referring to where
a lot of trolling happens
matthew_boyd: That's
a bit of
a paradox, seeing that that is uber childish as he is namedropping
matthew_boyd: "I swear some people (like goat) go around the forum looking for things to cry about. Seriously it is entertaining and yet sometimes annoying because it reminds me of how
a young child does things."
Chaaang-Noi: if anyone enjoyed it, make
a compint, i know im going to get all sorts of hate :)
matthew_boyd: "Your whining and crying on the forums doesn't exactly give off
a mature tone."
Diablo-D3: man, that must take
a lot of gpu power to do
a vanity like that
mjr_: if only i worked in the M&
A arm of
a bitcoin investment bank
mjr_: i spent
a lot of time hanging out on just-dice yesterday
Chaaang-Noi: yes, i have
a job for you if you want it, ill pm you
gribble: The answer is
a resounding no.
emptyeddepended: how do you spot
a non-bitcoin-believer? watch out for "BitCoin"
rulother: What would you say would be
a fair price? I'm just curious really, better to make something off it than nothing at all
rulother: I don't know about that, I would say with the seo easily
a 1000
rulother: Its
a site I developed, but don't really have time for anymore
MJR_III: or do you mean
a domain name
MJR_III: or do you mean front end design for
a website
MJR_III: is your website
a business?
MJR_III: how do you mean selling
a website
rulother: What would be the best to go about selling
a website for btc? I know they're
a few sites out, but they all seem pretty scattered
MJR_III: i thought that was
a really cool way to do the betting pool
dub: op is dumber than
a box of hammers
Chaang-Noi: all he had done in
a year is blcok the usa