log☇︎
326200+ entries in 2.329s
BTC-Mining: I'd basically bankrupt you.
BTC-Mining: No, because there was no USD in escrow and you have to buy those to pay me. I'd like to see that not switching the price back far over it's original value.
mircea_popescu: this all notwithstanding that i wouldn't allow the insanity in the first place, just for the sake of argument.
BTC-Mining: +209k I have to sell at a loss, let's round it up to 1.9 mn
BTC-Mining: I'll strike them at 20 for 1.66 million, crash price to 4 BTC with a few 100Ks, redeem 1 million x 4 BTC. I get 4 million BTC, lose 1.66 collateral and a few 100Ks
mircea_popescu: i mean... it's the nature of options, they lend themselves to daydreaming.
mircea_popescu: but i mean, if you're daydreaming it'd be cheaper to buy a buncha calls and push the price up lol
BTC-Mining: I know, I don't have the funds. Just daydreaming
mircea_popescu: you crash the price with your other million. since we now have superpowers, i buy your other million.
BTC-Mining: Since there's no fee for splits and assuming I have 2 account
mircea_popescu: i don't follow how you profit ?
BTC-Mining: Because I can't lose more than escrow but can gain more than escrow
BTC-Mining: So basically, I could just make splits safely and indefinitly and any time BTC price would crash, I'd profit.
mircea_popescu: god i love the opinions of the incompetent on matters they don't understand
mircea_popescu: except mpex works in bitcoin. why should i bother the customer with filthy fiat ?
mircea_popescu: i need 119900 new btc. as far as you're concerned, you get 100 btc back
BTC-Mining: I lose 0.4 BTC per call struck at 12 exercised for 40 BTC loss. Other guy doesn't redeem his option because it's negative.
BTC-Mining: I sell both 100 put and 100 call contracts.
BTC-Mining: ok, but let's say BTC price is 12 USD and I make a split at strike 12 for 100 contracts. I put 200 in collateral. Now let's say price goes to 20.
BTC-Mining: Slightly confusing at first but very interesting. I should try and start playing with those.
BTC-Mining: So, suppose I create a call (1 BTC escrow) struck at 20. Price is 12 USD/BTC and stays 12 USD/BTC
mircea_popescu: i'm kinda proud of the fact that mpex allows not only option buying, but also option writing, without any unbound risk.
BTC-Mining: hmm? I thought split had no fees?
BTC-Mining: But if I don't sell like I want, if price goes up/down, no loss
BTC-Mining: oh... so by making a split, I get twice the BTC put up front in escrow with no fees.
jcpham: ok i made that up. i admit it
BTC-Mining: Suppose I sell it for a fraction of it's value on the market. What happens with the escrowed BTC?
BTC-Mining: aye, split assuming I want both
BTC-Mining: I get it I have to create them with MKOPT and it always take 1 BTC in collateral
BTC-Mining: If I want to buy/sell options on the market
rdponticelli: I won't explain unixtime to an old folk
BTC-Mining: hey mircea, some questions I have here
rdponticelli: I don't care about the old folks
rdponticelli: mircea_popescu: Any time, I don't care
mircea_popescu: maximian i think that started like a 20mn wall
rdponticelli: I'm just say that it would be easy if it was the same hour for everybody at the same time
rdponticelli: I receive some mail, or read some post on some forum...
rdponticelli: I don't know about the last point, I don't care if midnight is 12 or 24
rdponticelli: But yes, I understand we can't change something no to obsolete some technology which is already obsolete...
BTC-Mining: I wouldn't mind.
BTC-Mining: I keep mixing them up
EskimoBob: I haven't got anything from GLBSE
PsychoticBoy: I am off to bed and HOPEFULLY tomorrow Ill get paid but not today :(
maximian: well, I'm pleased
maximian: I see
BTC-Mining: jurov, nah, I'll just use MPEx directly
jurov: gsdpt will be interesting, too. i hope deadterra will not sell it all and peruse my offer instead.
mircea_popescu: then i found out glbse paid out.
mircea_popescu: i was wondering why mpoe is selling
rdponticelli: Yeah, I received the spare change I had in glbse
PsychoticBoy: I have not recieved a dime from GLBSE
Azelphur: then I won't be poor any more, yay \o/
Azelphur: I don't even know what my balance was in GLBSE, I got sent 10.1, it sounds about right
kakobrekla: i have 9 conf on it
BTC-Mining: I think they just got paid out. Mine might arrive soon.
BTC-Mining: I'll report when I get paid mine, I rounded it down to the bitcent
kakobrekla: i got something as well
Azelphur: I have money from GLBSE
copumpkin: or characters, I guess
mircea_popescu: i know.
mircea_popescu: rdponticelli i think what it does is, it saves a provisional balance somewhere, and goes on that
Chaang-Noi: however the client i sent it from is uodating
Chaang-Noi: i sent 1000 btc there
Chaang-Noi: i learned from that
Chaang-Noi: lets say i send 1000 to an oldish address
Chaang-Noi: so i have like 200 recive address in my address book
mircea_popescu: ;;later tell maximian no, it ended i think in june ? or julu
maximian: mircea_popescu: I just noticed this announcement from April: https://bitcointalk.org/index.php?topic=76926.0 . Are you still paying interest on balances?
smickles: ok, is it that i've had a couple, or that i'm atheist that i don't understand how the bot resembles an xmas tree?
mircea_popescu: am i missing something ?
smickles: mircea_popescu: only if i'm keeping track of the price of the given asset/option
mircea_popescu: tautologuous i'd guess.
smickles: i don't even think i spelled toautologes correctly
smickles: 01:56 < smickles> what i actually said was tautologes nonsense
smickles: < smickles> thepulledstring: well, what i meant to say was that I wanted to know if the order which triggered the tx was a buy or a sell
smickles: well, it sounds viable to me. but i know, any busines which intends to keep operating long needs a couple of things
smickles: (and i'm actually in process of launching my own accounting company)
thepulledstring: Yea. But i was thinking of more of a company
smickles: i can do that too, most likely
smickles: thepulledstring: if you are in tucson, i'll do a bitcoin for cash or a cash for bitcoin
smickles: what i actually said was tautologes nonsense
smickles: thepulledstring: well, what i meant to say was that I wanted to know if the order which triggered the tx was a buy or a sell
smickles: ya know, waht i said makes no sense
smickles: i wish the bot told if it was liquidity taking or not
Chaang-Noi: i dont know why i even bother talking with you...
Chaang-Noi: what are the odds i even make it to the 16th roll?
Chaang-Noi: so waht are the odds of my hitting it on the 16th time assuming we dont know if i will hit it on the first 15 times or not and trust me it is not 1:4
Chaang-Noi: the odds of me missing the 1 out of 4 if i try 15 times should be 25 to the power of 15
Chaang-Noi: you cant tell me its 1:4 everytime or i will be well over 100% before long...
Chaang-Noi: and what are the odds i miss it 3 times in a row and then hit its the 4th time
Chaang-Noi: waht are the odds i miss it the first time but hit it the second time?
Chaang-Noi: im trying to figure out the odds i miss it the first time but hit it the second time
Chaang-Noi: that is the odds i miss it twicer right?
Chaang-Noi: what are the odds that i hit it the second time?
Chaang-Noi: lets say my odds are 1 in 4 and i miss it my first time
thepulledstring: PsychoticBoy, what was you roi time frame for the one single. I had you at 40+ weeks for full roi on the equipment based on our electricity costs over there in the netherlands.
thepulledstring: Elaborate. Sorry for the typos I am using my phone to irc.
thepulledstring: I hate bfl more than glbse.
thepulledstring: Fuck. I hate bfl
thepulledstring: Or i build my own.