log☇︎
338000+ entries in 2.499s
mircea_popescu: unless there's a way to safely take 10k usd + bets we are just dicking around
mircea_popescu: look, this is a profession, and it does have a cost
OneEyed: If Kluge can reimburse (and it looks like it will), you'll get much more than that by holding them if you can't get a good price anyway!
BTC-Mining: I offer a very good protection margin against loss.
mircea_popescu: Bugpowder lol 2-3% is a lot better than what people are doing
Bugpowder: BDK.BND appears to have assets that support a NAV of 0.059, according to his spreadsheet.
Diablo-D3: but goats goat, and hes a cool guy
Diablo-D3: its the only reason why Im a mod and not an admin
Diablo-D3: Chaang-Noi: too bad you arent a forum mod like me
Diablo-D3: nefario is going to end up with a scammer tag
Chaang-Noi: and then maged covered for him and called a misunderstanind
Chaang-Noi: i tried to do a good think with glbse and the btc assets stuff
assbot: Requesting data from GLBSE (might take a while, also might return fishy results as it does not account for splits etc).
mircea_popescu: i wou;dnt go as far as that, but for sure there's a ton of misbehaviour
mircea_popescu: he does have a point. the us banks have been selling everyone, from us municipalities to foreign nations
mircea_popescu: but in no event can C be paid anything if B is owed anything, and in no event can B be paid anything if A is owed anything
Bugpowder: no "we can use the overflow from NYAN.A to help repair the shareholders of NYAN.C."
mircea_popescu: he doesn't know what a cdo is.
Bugpowder: why the fuck does C get assets from A and B?
Bugpowder: Just take everything and stick it in A
mircea_popescu: someone please explain that ito calculus wielding idiot that you don't unwind a cdo bottom up
guruvan: Diablo-D3: long term yes, but short term, we see some movement out of securities with a rise in the exchange rate (for people wanting to trade BTC for USD for the anticipated drop)
mircea_popescu: you can at most be a husband
mircea_popescu: im sure she can cook, if you can't cook you can't be a wife
assbot: [MPEX] [B.MPCD.A] 33500 @ 0.00100076 = 33.5255 BTC [+]
Diablo-D3: so that'd be a nice chunk of change
mircea_popescu: jesus kakobrekla they're ripping you a new one on the forums huh
Diablo-D3: EskimoBob: a company can buy back its own shares off the open market.
guruvan: but I think there's only room for the one -0 tagging all GLBSE threads would be a good start
mircea_popescu: well that's a problem
Diablo-D3: and EskimoBob is a troll, so trust doenst even enter into this
guruvan: um....that's a little extreme Diablo-D3 - victimized? you were adequately warned here in this channel not to buy up that stuff.
Diablo-D3: which then they'd end up with a huge sum of money, hardware, and a bunch of worthless mhash bonds they could buy back at a fraction
Diablo-D3: asicmining paying out will probably help a lot
mircea_popescu: Diablo-D3 not personal but : it's a skill and a profession this.
mircea_popescu: so basicalyl it's either that he stole customer funds and got drunk on themn, a la hayseed MF global
Diablo-D3: and you can gen a new one on demand
Diablo-D3: seriously, just fuck him with a chainsaw gently
pigeons: EskimoBob is a turd sandwich
mircea_popescu: wait a second. wasn't someone saying they lent nefario 400 quid after the Great Conference Nobody Went To ?
Diablo-D3: when I was active trading, it was about a month and a halfs worth
mircea_popescu: he doesn't give a shit about privacy
Diablo-D3: you dont even need to store the archived tx in the db, just dump them to a text list for perm storage
Diablo-D3: I wonder if glbse _doesnt_ keep a list of tx forever
Diablo-D3: unless he isnt logging all transactions, which makes him a scammer
Diablo-D3: EskimoBob: it would take him 5 seconds with a perl script to find out
Diablo-D3: not only would nefario get a scammer tag, all glbse links get scammer tagged too
Diablo-D3: nefario really is going to get a scammer tag
BTC-Mining: It's almost a miracle I maaged to grow while the market was shrinking, without shorting.
BTC-Mining: Except for a lower share of the dividends.
BTC-Mining: Fund manager still earn more on a portfolio which does better.
mircea_popescu: a a
mircea_popescu: and apparently even that is a bridge too far for most ppl
mircea_popescu: what i'm curious about is, how the hell is usagi planning to unwind the MIDDLE of what was supposedly a cdo
mircea_popescu: Has anybody else noticed the contracts os assets on MPEx are much better than the ones on GLBSE? I don't want to get into a debate about exchanges, but having a decent and detailed contract is a good sign for an asset.
knotwork: mostly trying to figure out how much of what such a contract would have to take into its internal variables as collateral to be sure it can pay out come payout time
knotwork: ok good. as what I am trying to figure out is generic code for asset A and asset B calls and puts for any A and B
knotwork: it seems like my code for how to handle/resolve a call of X priced in Y should be identical to my code for how to handle a put of Y priced in X
knotwork: I meant, given you are buying a call or put, what is different between you buying a put USD for price in BTC or you buying a call BTC for corresponding price in USD?
mircea_popescu: if you buy a sell that means you make money if price goes over strike
mircea_popescu: yes. but if i buy a put that means i make money if price goes under strike
dub: jesus H crimminey christ in a crimson cabriolet, its international blasphemy day
BTC-Mining: so it can cover a 0.35 sale. Guess that's enough for almost anything
mod6: you still might have to cover a trade fee
Bugpowder: I have shares. Can't sell a single share of any asset
Bugpowder: Can anyone else sell a share on MPEX? I'm getting an 'insufficient funds' message.
Bugpowder: can anyone execute a sell order on MPEX right now?
knotwork: also of course they like the fee to be in local currency maybe not some tiny bit of A and/or B neither of which they may be particularly fond of
knotwork: since the house takes a fee on each trade, they prefer you sell A for local currency paying a fee then buy B paying a fee instead of just trading A for B
knotwork: I suspect a big reason for intruding local currency between all assets is simply to double the fees
knotwork: instead just directly offer a price for B expressed in A
BTC-Mining: Example, if I buy a call option struck at 1 USD/BTC and the price is currently 12 USD/BTC when redeemed, the redeem value is (12 - 1)/12 = 0.91666667 BTC
knotwork: no forcing people to do two trades, one from asset A into local currency asset then another to buy asset B with that local currency
knotwork: it seems to me at a glance that a put to sell X for a price in Y is identical to a call to buy Y at a price in X
knotwork: or if you but a put entitling you to sell me 12 dollars for 1 bitcoin on a certain date, isnt that identical to buying a call entitling you to buy 1 bitcoin from me for 12 dollars on that date?
knotwork: BTC-Mining well for eample if you buy from me a put entitling you to put 10 IBM for 1 AAPL on certain date, isnt that the same as buying a call entitling you to buy 1 AAPL for 10 IBM at that same date?
knotwork: well if you obligate me to buy X at a cetrain price as denominated in Y, isnt that the same as obligating me to sell Y to you at a certain price denominated in X ?
BTC-Mining: Isn't it you who claims all stock markets are a zero/negative sum game?
knotwork_: Are puts and calls both actually the exact same thing with the pair reversed? So e.g. a USD/BTC put is equally referrable to as a BTC/USD call?
BTC-Mining: Erhm, you're not a deposit taker as far as I know?
BTC-Mining: How is that a default?
Bugpowder: This fine represents a small fraction of Mozilo's estimated net worth of $600 million. Countrywide will pay $20 million of the $67.5 million penalty because of an indemnification agreement that was part of Mozillo's employment contract.
Bugpowder: On Friday October 15, 2010, Mozilo reached a settlement with Securities and Exchange Commission, over securities fraud and insider trading charges. Mozilo agreed to pay $67.5 million in fines
agath: is it mining a crime?
Bugpowder: wait, isn't pyramining a ponzi scheme though?
rdponticelli: Anyway, you bought the stock with a BTC which was worth half what is worth now
agath: in a good business plan even when you get asics last, you win....
Bugpowder: you could be paying 25% divvy a week
agath: that it's normal, not a win
agath: having a very short period of quite high income doesn't mean it's a win
assbot: Requesting data from GLBSE (might take a while, also might return fishy results as it does not account for splits etc).
Bugpowder: gigamining is a winner
Bugpowder: with reward halving coming and difficulty ramping, people are realizing that there won't be that much in dividends coming out in a few months
copumpkin: so in a perverse sense, they mean more because of it
agath: I think that most of the mining companies are good in configuring computers, but not at all to make a strategy / business plan.
copumpkin: they just aren't a particularly good investment
PsychoticBoy: I cant get a decent price p share atm
BTC-Mining: Hopefully if he switches to being a mining company, he'll stop losing so much.
BTC-Mining: They'd have to sell GPUs at a loss.
BTC-Mining: EskimoBob, probably because the mining companies have a large profit and sell fixed mhash/s bond. The bonds lose value and so do the investors, but the company does not.