335800+ entries in 2.711s
mircea_popescu: BTC-Mining on one hand that's
a gross exaggeration, on the other there's little similarity between you and the bitcoin.me fellow.
dub: thestringpuller: I'd suggest its not, this is
a tiny movement
BTC-Mining: I also complained about "the girl", not for believing that GLBSE was
a scam (She's free to believe whatever she wants) but for supporting her claims with unfounded statements and speculations which were false and presented as established facts.
smickles: but that would be
a speculative statement
pigeons: its one thing for usagi to be
a tool, its another that he got mad when people pointed it out
mircea_popescu: kakobrekla that buy was pre-glbse ipo, giga delivered shares on glbse, it's not
a private agreement in any way.
mircea_popescu: rdponticelli the float growed
a little, but it wasn't ever much more than 1.2-1.3k or so.
BTC-Mining: Well, unless someone proves me he's been blackmailing, I can only know for sure that he's
a poor decision maker.
dub: theres basically no way to cut it that doesnt paint nefario is
a moronic scammer
smickles: and the mpex securities as part of
a computer game
smickles: lol, i mean, it's likely nefario has/had more btc than I do, but damn, i'm sure he's
a small fish
thestringpuller: I feel
a little bad for him. CPA was
a pretty neat company.
smickles: BTC-Mining: awesome, eh? as he was about 7 hours (if we're using utc time) away from defaulting on
a contract
smickles: BTC-Mining: it's signed alright ;) well wait to see if he defaults in arizona time, instead of UTC tho, give
a little wiggleroom
BTC-Mining: Well, I might have just earned
a few thousands at the expense of BMF's investors -.-
smickles: and I haven't seen/heardfrom usagi for about
a week
smickles: today is the last day of
a late payment date range
smickles: i sent off an email just
a moment ago
smickles: BTC-Mining:
a loan from s²cm to cpa
smickles: ;;rate usagi -1 I have made
a limited arangement with ~. we'll se how it goes. ~ is now late in paying and will have defaulted on the contract by the end of tody if action is not taken.
gribble: You rated user usagi on Mon Sep 17 19:56:21 2012, giving him
a rating of 1, and supplied these additional notes: I have made
a limited arangement with ~. we'll se how it goes.
smickles: there has for some time been something like
a depositary receipt of gigaminin on mpex
rdponticelli: smickles: yeah, there's
a signed receipt for 900 shares
Ukto: i think
a few ppl prolly will
Ukto: man, what
a tryhard
pigeons: the winners get them before other asics come out, and 2nd place gets
a product close to advertised specs at all ever
Diablo-D3: smickles: did you get
a bunch of tx spam though?
Diablo-D3: EskimoBob: well, Im going to see if glbse gives me
a list of all dmc holders
EskimoBob: asstes-otc is actually
a interesting concept
EskimoBob: I had like multiple stuff in my "portfolio" and if everyone walk in different direction, this is going to be
a real PITA
smickles: and had
a couple of account counted to be worth too little to pay back
smickles: the SS account only had
a couple hundred satoshi
smickles: this may indicate that there is
a minimum balance to have inorder to be paid
gribble: Error: "bc,total" is not
a valid command.
gribble: Error: "bc" is not
a valid command.
BTC-Mining: Wouldn't it end up like getting
a mkopt without the 2% fees?
mircea_popescu: so i'm noticing
a pattern here. first bitcoin convention, organised by buttwrangler, before mybitcoin disaster
BTC-Mining: I kind of have
a hard time with the split function tho
BTC-Mining: Eh, anyone knows why addresses on
a wallet cannot be deleted?
BTC-Mining: I think I'll go rack mounted and place miners in
a datacenter however.
BTC-Mining: The 2nd floor needs to be renovated, once that's done, there will be
a rent.
BTC-Mining: Well, it's cheaper but I'll still pay
a rent soon.
BTC-Mining: Was pretty much
a familial home long ago but was mostly empty nowadays.
BTC-Mining: rg: my door lock isn't
a lock, it's one of those things you can turn with your nail. Not really
a lock, looks like
a screw from outside.
rg: my door has
a lock but its
a joke
BTC-Mining: and damn, I'll need to put
a keylock on my bedroom's door
thestringpuller: if all the users had gpg key fingerprints, it would be
a no brainer
thestringpuller: but there could be
a scenario where some shareholders can't prove they own shares
rg: but that's
a lot of money to me
rg: its
a lot of money to me
rg: most of them have given me
a lot of money
BTC-Mining: Eh... I expect
a lot of people going around saying they haven't been paid and had 2 billion shares of this and that.
rg: i have brendio doing
a passthru asset
rg: uh its
a huge task to pay out thousands of btc
BTC-Mining: while still retaining
a BTC gain for free should market collapse.
mircea_popescu: but anyway,
a conversation we should continue at
a later time, i gtg now.
mircea_popescu: keep btc locked up in the hopes that maybe price collapses and you get
a lot more of the collapsed currency
BTC-Mining: Until there's
a large drop, at which point 1st account lose escrow and 2nd account makes
a profit.
BTC-Mining: But even on
a low scale with 1 or 2 contract made by split.
BTC-Mining: But even so, you paid
a lot for them and have to give them to the market manipulator along with his own escrow + extra.
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: but i mean, if you're daydreaming it'd be cheaper to buy
a buncha calls and push the price up lol
mircea_popescu: so, you split
a bitcoin, get some calls and some puts. nwo what ?
BTC-Mining: Yeah, but it basically means every time bitcoins value go down by
a lot, MPEx has to pay for it because the escrow is not USD
BTC-Mining: It seems tho that logically, that's how they should be. Because unexercised contracts returns the escrow and
a PUT technically is going long with USD, so if that contract makes
a profit, it makes it on USD valuating, so escrow should be in USD
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: Which means even if the contract is not exercised, there could be
a loss in BTC if the price increase instead for the contract maker.
BTC-Mining: Aye, but making
a put contract with strike of 20 when BTC is worth 12, would require 1.66666... BTC?
BTC-Mining: So
a struck at 20 would require if price was 12, 1.66 BTC
BTC-Mining: Last question. We need to put strike/spot BTC for
a put option.
BTC-Mining: Technically the call has
a negative value of -0.6666666
BTC-Mining: So, suppose I create
a call (1 BTC escrow) struck at 20. Price is 12 USD/BTC and stays 12 USD/BTC
BTC-Mining: so, if someone exercies an option at
a profit... collateral is lost eh.
mircea_popescu: obviously if it goes up you can make
a loss. but you can adjust the % you sell to suit your expectations
mircea_popescu: you make 5k atm calls/puts, you sell the calls, keep the puts. if price goes down in fact you make
a decent profit
mircea_popescu: well, yes, it practically boils down to,
a little overescrow.
BTC-Mining: But if you only want to sell one way, the 2% fee saved can go
a long way