315700+ entries in 2.442s
mircea_popescu: actually... this is interesting. from
a purely fiat perspective mpoe bonds may be one of the best btc-investments you can make.
mircea_popescu: jurov that is
a point, in fiat terms the bondholders made money :D
mircea_popescu: if you have 105 btc and put 100 btc into mpoe bonds expect
a wild ride.
thestrin1puller: mircea_popescu: for instance I put x BTC in Bonds during
a bad month, but some other investment say, S.DICE growth, effectively neutralizes my bond losses
thestrin1puller: Hmm. mircea_popescu could one externally hedge risks of being
a bondholder with other investments no?
gribble: Error: "bc,24hprc" is not
a valid command.
mircea_popescu: now "people" are confronted with the rude awakening of reality. kinda bound to be
a little thrashing about.
thestrin1puller: mircea_popescu you make
a bunch of people rich this month, and people still complain...
mircea_popescu: it's
a romanian-based llc (srl in romanian) that i own ~99% of
mircea_popescu: thestrin1puller no. i paid twennyfive dollars for
a girls pair of stockings out of pocket yesterday.
thestrin1puller: I know they are, this month they are, just like an insurance company loses money during
a natural disaster...
thestrin1puller: Maybe he'll start
a company to benefit bitcoin (yay optimism LOL)
mircea_popescu: bitesak i'd normally say my pleasure... but this month was
a little rough.
benkay: we are engaging in
a discussion of this topic, yes
benkay: thanks mp, i understand the mechanism
a little better now. what I still don't understand is what the MPOE bot is up to.
mircea_popescu: the only way to actually underwrite this is to have
a lot of money, sign insurance policies with the farmers.
mircea_popescu: okay. the bot itself is
a primary seller of safety in btc.
mircea_popescu: mpex does offer stocks, but that's not under discussion here. as for the derivative trade, ie options, these are
a different market from the underlying.
mircea_popescu:
a bucket shop is
a currently illegal, historically popular venue to take side bets on stocks.
benkay: would you elaborate on what
a bucket shop is and why MPEx is not that?
taub: in forex i thought it was,
a broker taht assumes most of their customers are gonna lose money
taub: you're basically operating
a bucket shop
mircea_popescu: <Bugpowder> Mpex is
a sideshow <<< if it weren't for mpex there'd have been no divs this month at all.
thestrin1puller: I've used the same model for some of my real life ventures, it's
a very good model in that you view capital as "equipment"
mircea_popescu: atm mpoe is
a 0 capital venture, which is
a good thing.
thestrin1puller: mircea_popescu: why not create
a war chest? For times like thse.
mircea_popescu: as in, i don't set
a %, i just take whatever the max was
ThickAsThieves: the history of gained % seems
a bit disproportionate to the risk
mircea_popescu: thestrin1puller well they don't really. the idea is they're taking on risk for
a high %
mircea_popescu: when
a hurricane hits the insurer pays through the teeth.
mircea_popescu: it's sort of like insurance, if you will. you pay
a little every month
mircea_popescu: listen, there's no way to make
a bot so you always win.
mircea_popescu: then again... i guess i can see it. shareholders don't care, not their skin. made
a 39 per which is not really much lower than usual
thestrin1puller: there is
a 29k loss for bondholders, maybe bondholders aren't mpoe holders
OneMiner: Just don't be rude about it. There's no reason to be
a jerk.
OneMiner: Why is the whole internet
a troll magnet? Be respectful, please.
mircea_popescu: Bugpowder anyway, the variance would be fucking high. +400%
a month fml.
ThickAsThieves: right, so rather than litter this chan with bitching, I'm just asking what I think is
a sensible question,
Bugpowder: Mpoe bonds never seemed like
a good value prop To me.
ThickAsThieves: MPs losses are
a small portion of his assets, but I have to assume he will asjust exposure of the bot after this, no?
Bugpowder: Anyway, if you dont understand the risks of being
a bond holder, you should probably go back to the gloves kiddy pool
Bugpowder: Historically it averages 12% return on notional exposure
a month
taub: hm, maybe there wont be
a big second downmove from here
pgp: question: MPEX support
a socket based implementation for requesting trades from
a certain seq number forward. Why isn't there something like that for quotes?
Chaang-Noi:
a company to profit off of bitcoin drama, best idea evar
MJR_III: i think that award will be worth
a lot in the future...i would like to be
a recipient of the double cherry truck award, but i think that the moody's triple
a rating will be slightly smoky dragon
mircea_popescu: by pointing out that they don't ger 500 bux for
a vignette
MJR_III: i take it you are
a recipient of the double cherry truck award?
MJR_III: and people who trade with each other
a lot, its like your win can be their loss
MJR_III: that is
a huge ass wall at 92
taub: thats
a lot of options :D
Diablo-D3: but I bought
a bowl and everything :<
mircea_popescu: there's
a lot of volume right at the edge of the rolling window
MJR_III: you could have
a MUCH greater address pool
KRS1: ipv6 is just
a transport mechanism not sure it would matter
MJR_III: i exercised at 71, what
a sucker i am
jurov: mircea used vwap 90.34 ??? quite
a boost we got there :P
MJR_III: it actually is not that bad of
a position though...short at 90.50
MJR_III: the asa is actually
a firewall right
KRS1: encryption adds
a lot of overhead
MJR_III: so if you had
a 100gb router (they exist) it could still be brought down
MJR_III: well, i think every piece of hardware will have
a limit
KRS1: i know
a bit about it being in IT but i'm not an expert in that area
KRS1: thats what my friend does for
a living..he mitigates attacks
KRS1: you can filter it through
a proxy
MJR_III: KRS1:
a purely hardware overload
KRS1: i dont think there is such
a thing MJR
MJR_III: mircea_popescu: so if its the router...if it just drops all but
a certain subset of traffic, can it still be overloaded?
MJR_III: wish there was
a better order interface
taub: bitfinex would work better if they would deploy on
a more solid exchange
MJR_III: and i think you would be blocking their expensive attack with
a cheap shield