log☇︎
333200+ entries in 1.917s
agath: I feel very relieved since I sold all BDT..
smickles: i like to think in terms of percentages
smickles: and i just saw someone buy thoe 4 usd premium puts
mircea_popescu: not necessarily, i think they'd be more amusing than rich.
mircea_popescu: i want to like... go to their garden parties and be introduced to their wives.
mircea_popescu: yea, i want to meet these people.
rdponticelli: glbse should account somewhere for splits, I guess
smickles: hey Rothgar, i'm just now looking at that message :)
smickles: i bet this'll be wrong now
gabbynot: you never know i guess
gabbynot: i'd bid .02 at this point
Enky: i havent understood too much the whole story
Enky: trust points for over the count btc transaction i guess
Enky: 2 yrs ago kako explained it to mee, i forgot
Enky: i've to add some negative feedback:)
kakobrekla: i think its #bitcoin-otc-ratings
kakobrekla: i guess
mircea_popescu: <rg> i think i speak for all men when i say you're banned << well... i'm ignoring it at any rate.
rg: i think i speak for all men when i say
mircea_popescu: http://i.imgur.com/s4IKe.png
mircea_popescu: i like the mkt depth on mpex so far, like 700btc worth ?
DeaDTerra: my pass through isn't much risk as I will only pay if Erik pays :P
DeaDTerra: Well I could have bet on him twice xD
DeaDTerra: I would have bet a lot on Erik
DeaDTerra: I wanted to bet dammit xD
DeaDTerra: No I meant like I couldn't offer any shares until the dividend had been paid out otherwise it would have gotten diluted.
mircea_popescu: i thought it sold out ?
DeaDTerra: The reason why there were no ask wall as was due to that me and Erik were a bit off sync so to make it fair I took down the bid wall until I could pay the dividend.
mircea_popescu: i just noticed
mircea_popescu: BTC-Mining if you think about it, as i can go right now into a forex platform with usd, whereas getting btc is complicated
BTC-Mining: But when you insisted on the guaranteed % for the customer, I started asking about the impact for the broker instead, since there was supposed to be one.
BTC-Mining: aye, I really wasn't sure if there was a misunderstanding between you and your contact.
rg: i might go get some
rg: i wish i had some god dman milk
BTC-Mining: yes, that's the answer I was desperatly looking for. If the broker is aware of the risk/what he's going to do.
Enky: i want to operate, no demo:)
mircea_popescu: BTC-Mining i imagine it's something like that, get the ball rolling see what happens.
kakobrekla: i guess its more of a pocket change for them
rg: i forget what my notional float is
rg: i see
kakobrekla: i have introduced bitcoin to them in january i think
mircea_popescu: good. cause as i was saying, btc is very volatile and has in the past, even recent past, caused a lot of pain.
kakobrekla: well i guess that the broker is 'long' on bitcoin
mircea_popescu: in december i send you 1k btc for 1 lot, that's 100k usd for 1 lot ?!
mircea_popescu: think about it kakobrekla : i send you 1k btc now, get 1 lot.
mircea_popescu: can i short this lol
mircea_popescu: so if the units are btc then how come i buy fiat with them ?
mircea_popescu: i made it in w/e fiats.
mircea_popescu: but i didn't make the 10% in btc.
Enky: but i dont know long term plan of that broker
mircea_popescu: i thought the idea was to do btc/fiat forex.
mircea_popescu: so i take home 300`000 btc for this.
mircea_popescu: then i've made a 300% price decrease and that means a 300`000% gain on my position
mircea_popescu: then i dump 99k btc on the market
mircea_popescu: the problem is i put 1k btc into that market, for 10mn
mircea_popescu: i doubt therer's anyone with 10mn to dick around with.
mircea_popescu: i know plenty of people with 1k btc to play with
mircea_popescu: with 1k btc i could do 10mn usd ?
BTC-Mining: The thing is, his contact was talking about 1:1000 leverage being possible. I doubt they'd take so much risk as a broker
Enky: i'm just speculating
BTC-Mining: Well I guess it's up to kako to see how that will be worked out.
kakobrekla: 17:43.51 ( Enky ) i earn 3% with eur usd, i earn 3% on my bitcoin balance
mircea_popescu: well i guess this will need to be fleshed out more then.
BTC-Mining: mircea, I had that exact discussion over and over
mircea_popescu: dude. read what i said.
mircea_popescu: mk, so let's see here. suppose i deposit 100 btc. at that time btc is 100 yen. i trade for yen, get 10k. a week later, btc is 50 yen. i trade back get 200 btc. now i withdraw. you pay me 200btc
BTC-Mining: I'm assuming they'll assume the price fluctuation risk here
kakobrekla: but i have delicled for now
kakobrekla: i have been asked to be a part of that operation (dealing with btc stock etc)
BTC-Mining: Yes, for the user it is, I'm concerned about kako here
kakobrekla: first of all, i hold all deposits which are under my control and never converted to anything
Enky: kako said before that they have twice the amount of btc hold as reserver if i'm right
Enky: it does not matter for you, the customer for what i've understood
Enky: i understood that
Enky: so i open eur/usd with 0.1 lots at 1.2500 and it goes to 1.2600
Enky: i've undestood how it works
Enky: 15 years ago i would have understood on the fly not after 3 hours:)
Enky: aniway i'm a fucking dumb kako:)
Diablo-D3: yeah, he now thinks I ran off with the money
mircea_popescu: i wonder how many speculators had bought it at .1
Diablo-D3: I said miner
Diablo-D3: mircea_popescu: I said major
Diablo-D3: I wouldnt have to bail them out
copumpkin: I want $2.5M
Diablo-D3: first thing I do
Diablo-D3: if I was president
rg: but if i was president
rg: i hate gwb
rg: i dont like obama
rg: i would vote for clinton
BTC-Mining: I sent it like 5 minutes ago
Diablo-D3: I should watc the clinton speech again
mircea_popescu: i see a .01 but not a .02. BTC-Mining! whar is my dough! kneecaps!
smickles: where should i send that .01 btc?
Diablo-D3: I mean, mtgox is a forex
BTC-Mining: That's what I'm trying to tell him x(
BTC-Mining: [10:53] <BTC-Mining> smickles, kako is saying you could have a BTC balance, and have a USD/EUR position for it, so if you lose 10% on the position, you lose 10% oF the BTC used for the position. AND COMPLETLY IGNORE BTC PRICE FLUCTUATION DURING THAT TIME. That's what I understood.
BTC-Mining: but seriously Kakobrekla, I suggest you talk that again with your contact, because something seems to be very awry and amiss in those statements.
mircea_popescu: geee, i made money while sleeping!
Diablo-D3: I wonder if a chick has ever said "dick licking good"