317400+ entries in 1.824s
Josh_Rossi: the second one is
a 7 day loan at 510%
mircea_popescu: but anyway, re shorts : there were at least 20k btc total in short positions at
a few points this month
Namworld: 0.015 affords you
a palace in shantytown
arij: where can you trade btc on
a margin?
mjr_: and i don't think their volume is
a huge percentage
gribble: Error: "getinfo" is not
a valid command.
gribble: Error: The command "get" is available in the Dunno, Herald, and Topic plugins. Please specify the plugin whose command you wish to call by using its name as
a command before "get".
mjr_: yep just
a bunch of resting orders on
a book at
a certain price
cadsII: taub: my understanding is that the wall is
a large amount of sell orders that were put on the upper margin by bears.
mjr_: that was such
a sad movie
gribble: Error: "gribblelag" is not
a valid command.
mjr_: only that you will get
a certain number of puts based on the strike/current
Namworld: If Bitcoin was to permanently become worthless, I'd gladly accept
a pizza instead =/
jurov: that's quite
a philosophical exercise, since there will be only 21M BTC ever.
mjr_:
a put at $120 or so would be the other side (not sure max strike atm)
mjr_: at least that is how it was explained to me...i mean who needs more than
a 1 btc for
a put struck at $1?
mjr_: the only thing we know is that puts are
a function of strike so you could get multiple puts per btc or fewer than 1 puts per btc
mjr_: what is the collateral requirement for
a 70 put
mjr_: Bugpowder: that is the deposit on
a 70 btc put?
jurov: i suppose i just confirmed that <thestringpuller> Jurov is
a big meanie head
Bugpowder: ok, I will lower my price
a bit :)
mjr_: so at .08 they look like
a bargain for june
mjr_: well within
a profitable range
jurov: that's quite
a pe , lol
mjr_: but at
a profit to you of 2.9x i think
mjr_: its
a function of the difficulty as of the last futures contract known
mjr_: well...he is selling equity in
a us company
mjr_: this is
a real pe deal
Lyspooner: it's tough to be in
a queue to buy bitcoins and see the amount of bitcoins you can buy halved
mjr_: i personally am expecting some news from sdice at some point in the next few months...they have been quiet for quite
a while
mjr_: that make up 87% and he has said he doesn't have
a majority i believe
gribble: Error: "bc,24hrprc" is not
a valid command.
mjr_: this looks like
a good bank
mjr_: either tiberiusiv selling
a call or smickles selling
a put...or some more complex combination
mjr_: anyway, without
a more clear definition (stock trades below .00001 or something that is easily verifiable) it isn't
a good bet
mjr_: its called the web of trust and its the closest thing to
a credit rating system that exists
gribble: Error: "guide" is not
a valid command.
nanotube: well, if there are no mutually trusted third parties, i guess this is
a non-starter.
mjr_: no one in any financial market would make an anonymous non collateralized bet 2 years out on
a nebulous outcome
smickles: tiberiusiv: I'm not doing the bet w/o
a both party escrow. Are you willing to do any amount with an escrow?
smickles: tiberiusiv: would you use an escrow for
a different amount?
nanotube: smickles: at any rate, 2 years is
a long time... so even with escrow i'd probably not bet on this. :)
Namworld: For running SD would be
a clearer and simpler way to put it...
smickles: not for running
a gambling operation?
smickles: "get into trouble with US authorities" is
a bit too vague
smickles: 100 btc is
a significant portion of my btc, what are the terms?
Namworld: He doesn't appear as
a troll...
smickles: ya know, i don't think tiberiusiv is
a troll. troll keep going when trolled, don't they?
smickles: pay (what the us consideres) non-money to play
a game of chance and get non-money back, it's illegal?
smickles: pay money to play
a game of chance and if you win you get money back; that happens in blizzard games
tiberiusiv: you arent playing
a game of chance to obtain wow items with promised payout multiples
tiberiusiv: smickes: SD dice takes
a cut from running
a game of chance and promoting large payout multiples
smickles: sd takes
a cut of people using bitcoin, it's not ok
tiberiusiv: blizzard is not running
a game of chance
smickles: so they take
a cut of people using wow gold, it's ok
ThickAsThieves: if Microsoft sells me
a poker exe and accepts fiat for that purchase is that illegal too?
smickles: look at what blizzard is doing, you play
a game, there is
a chance you get coins
tiberiusiv: once you start operating
a gambling house for the sole purpose of profit it becomes illegal
tiberiusiv: if its
a casual gathering of friends its perfectly legal
ThickAsThieves: so if WoW has
a poker game inside using WoW gold, thats illegal too?
smickles: asicminer proper is
a private company
smickles: which get you
a share of game profits
tiberiusiv: so is havelock
a stockexchange or funds?
smickles: that would be
a real show of strength to my mind, SD keeps going even after the US GOV't tried to shut it down
tiberiusiv: i think mpex shares took
a dive from missing out on 2 major IPOs
mjr_: you only take
a "loss" when you sell
tiberiusiv: it wouldnt take longer then 1 month for motivated US authorities to put
a case against voorhees together
tiberiusiv: of which voorhees is
a subject to since he is residing there
smickles: if you alread said why you think SD is illegal, can you at least give me
a timecode so i can grep it
tiberiusiv: smickles: most major online gaming places are licensed in
a particular jurisdiction
smickles: even assuming SD qualifies as
a casion
mjr_: "Well, if activity is unusual 10 times
a day then something is wrong with your unusually-mometer" re: mt. gox's response to lag...
tiberiusiv: i already told you, voorhees is running an illegal gaming operation under US laws, while being
a subject of the united states.
smickles: ok, so you don't have
a good reason then
tiberiusiv: smickles: i meant not being
a US resident
smickles: tiberiusiv: also, evooorhees has been on
a plane
a long time ago
mjr_: have you found
a place that accepts btc for aluminium foil?
tiberiusiv: if i was voorhees id be on
a plane along time ago
mjr_: lol, to hold the majority of people who use btc to the level of expertise of
a mature market is simply foolish
tiberiusiv: especially for
a proven moneymaker thats around for about 12months now
smickles: yea, they could have
a run of bad luck
tiberiusiv: if sdice was
a licensed company it would probably be much higher
mjr_: this would be
a great example of logical fallacies though if anyone saves the log
smickles: it wasn't illegal just because there was
a real money market for the stock
Namworld: They're not unlike game currencies. They're worth nothing, just used in
a game. You don't pay tax on what you earn in
a virtual game.
Namworld: There's nothing in
a Bitcoin and no backing. In that sense, they're valueless until sold.
mjr_:
a chip is issued by
a casino