308400+ entries in 0.186s
BingoBoingo: to be fair I'm running roughly 10 years behind on everything
that matters myself
BingoBoingo: Oh, I was
thinking more cosmological phenomena or natural process
than machine
BingoBoingo: So roughly extrapolating alf
time from
this and applying
to Cardano... By 2020?
copumpkin: I just
typed $register copumpkin <fingerprint>
copumpkin: yeah, I
tried
that before, but it refused
to register me
mircea_popescu: but anyway - you can self-voice for an indefinite period by pm-ing deedbot $up and
then $v
the otp it gives you
mircea_popescu: still
there for collectors, ie, people just like you, who might want a screenshot\
copumpkin: it still shows me as having MPOE holdings. Is
that expected?
mod6: copumpkin: 2FB7B452 <<
this is mp's personal key,
try with '02DD2D91'
copumpkin: I did have
to give you my key again a couple of years ago
mircea_popescu: for one
thing, seems
to be way before
the last mpex key update years ago ?
copumpkin: I've been
trying echo "STAT" | gpg -u <my key id> --clearsign | gpg --encrypt --armor -r 2FB7B452
copumpkin: anyone know what's up with either of
those?
copumpkin: 2) mpex seems
to have forgotten my public key
copumpkin: 1) deedbot seems
to reject my attempts
to register with it
mod6: So I dunno when I said I was going
to check in on
the list of
things
to do, if
that was
today or friday or whatever. But I'm just getting started now. Been
too damn beat down since Friday
to even do anything.
mod6: mircea_popescu: yeah,
the web-irc
thing seems
to be fine.
a111: Logged on 2016-04-20 23:17 mod6:
this matcha
tea isn't bad as long as its not clumpy
a111: Logged on 2016-04-20 23:06
trinque: well... we did do
the nose
mircea_popescu: mod6> I'll have
to discuss with ben on
the IRC section, do we even allow people
to use
the webclient
to connect here? <<< i
thought so, no ?
mircea_popescu: wywialm yes but
the offer's not clear. asked if you need money,
turns out no ; asked if you need skill,
turns out no. well...
mod6: this matcha
tea isn't bad as long as its not clumpy
☟︎ ben_vulpes: shat out an otp, successful decryption of which set a session on
the user's browser.
trinque: ah I remember you
talking about
that
ben_vulpes: abortive
tmsr~ ad network i build once upon a
time
trinque: would probably be cool
to hack deedbot auth into
that
trinque: I just dumped cliki2 on
there; needs a better stylesheet
shinohai: If
true, perhaps best hambeast story I have ever read.
shinohai: On
the off chance someone finds it and wants
to contribute, want
them
to show up in proper channel.
shinohai: thx mod6 I just happened
to notice it earlier.
mod6: i
think we're gonna need our own wiki now
too, which is fine i guess.
mod6: heheh. i updated
that
to #trilema
mod6: I'll have
to discuss with ben on
the IRC section, do we even allow people
to use
the webclient
to connect here?
shinohai: I'll set up a gofundme for research. If
the cryptoid horseshit can get funds so can I.
mod6: <+shinohai> mod6
they sell "crumbs"
too so I wonder if a
trail of
those leads bimbos
to your door? << inquiring minds want
to know!
mod6: Oh, kinda forgot about
that.
BingoBoingo: Prepped for storage well
they'll survive out of
the ground longer.
danielpbarron: they keep for a few months and
then
they better be in
the ground already
danielpbarron: it's prolly harder
to do such a
thing with bulbs.
there already exist plenty of companies doing
this, it's a very large market, it's a perishable product, very very heavy, need good connections, etc..
BingoBoingo: Seriously. It's a commodity,
that gets
traded, and covert delivery is easy.
BingoBoingo: wywialm: If you want
to actually distinguish yourself you prolly ought
to consider offering actual
tulip futures with physical delivery. Gives you something
to practice your market making with.
wywialm: i was only presenting an offer for you
to consider or discard, according
to your judgement
wywialm: mircea_popescu, i certainly aim
to create an options market similarly
to what you did, but i'm not you.
trinque: he got a few
timeouts when
trying
to reconnect
to chat.freenode.net
a111: Logged on 2016-04-20 18:27 punkman: phf: meanwhile couple of months ago mp explicitly said
that he's starting a process of divesting from bitcoin,
that was before bitbet, before ~anybody~ had voiced any kind of objections
to anything << "divesting" came after "A miner problem"
mircea_popescu: honestly
this just reduced in my head
to basically "hey, i want
to be mp, and for
the year
to be 2012". so i guess... good luck with it ?
mircea_popescu: so how does
the exchange get its price signal (other
than
the obvious "what'd be most convenient for
the market making project")
wywialm: the market making project is separate from
the exchange. i designed both, but
they are independent from one another
mircea_popescu: this is also
the first
time you mentioned
the exchange is going
to
take positions
too ?
wywialm: no, as i said before, i already have
the automated market making algorithms, i look for expanding its funding
mircea_popescu: so basically you're looking for a skilled market maker
to market make your new exchange ?
wywialm: i could offer my candidature, but of course
this may be unsuitable for you. in
that case, i could present
the details
to a person of your choice
wywialm: the exchange has not yet launched and CDS mentioned above are
to be implemented yet, but i asked about f.mpif knowing
that in case of your slightest interest, any preparations will
take a lot of
time.
shinohai: I guess he was using his medical license
to sell Xanax
mircea_popescu: shinohai i don't get it, what
the fuck difference does it make
that guy's dad used
to be a chiropractor ?!
wywialm: if
the losses exceed
the insurance fund,
the CDS's notional value is diminished proportionally
wywialm: generally, it will look as follows:
the CDSs have a specific maturity (possibly matching futures expirations).
The person buys
the CDS with a discount from
the notional value,
the proceeds from
the sale of
the CDS is locked until maturity. If no credit event occurs, full notional value is paid out. if it does, first
the insurance fund from
the exchange is used, and CDS holders are a last resort
mircea_popescu: both are disciplines concerning
thesmelves with
the unseen unknown.
mircea_popescu: but finance, much like cryptography, is altogether a crapshoot in
the dark.
wywialm: this doesn't refer
to
the CDS-insured variant, does it?
mircea_popescu: these are
the canonical objections
to
this sort of "web exchange, mutually-insured on user funds"
things :
that on one hand
they're an algorithmic noise amplification machine with no dampener available other
than
the power of prayer ; and
that
the yessentially implement a lemon market, a sort of competition in deadbeat-ism among
the users. which is why
they're so popular on reddit, and nowhere else.
wywialm: at present stage,
the mechanisms i
tried
to describe are only capable of making
the "short hairy jewish girl" scenario as unlikely as possible. what could make it really impossible, is
to issue a CDS on
the general liabilities of
the exchange.
The proceedings from
the sale would increase
the insurance fund in return for a compensation. If
total amount of insurance fund and CDS issued is greater
than potential losses, no haircut on profits would
mircea_popescu: i am not open
to receiving a short hairy jewish girl for my money, even if oksluts.com imagines "it was just an intermediary between parties"
mircea_popescu: wywialm
the fundamental problem with
this view is
that i do not wish
to engage in a financial relationship with deadbeat B, where "your site was only an intermediary". i wish
to engage in specified, modellable deals.
wywialm: let me refer
to your example. first A owns his contracts in
the same way B owns
them. if A has short positions,
these contracts are not fully collateralized. if B's losses exceed his margin (here: 50%), and exchange's insurance fund, in
that situation A's profit, but not his initial deposit will be diminished accordingly. in
that way,
the exchange acts only as a intermediate between
the counterparties
wywialm: i didn't certainly revolutionize
the electronic derivatives
trading industry (nor claimed
to), just
trying
to make a robust bitcoin-based market