338900+ entries in 2.009s

smickles: mircea_popescu: well,
i was exaggerating about 'k's,
i would, of course, cater to large clients
smickles: if only
I had enough btc in my pocket to not care about floating users a few k coin here and there when
I know there's 6 confirms on the tx
smickles: we're talking about a program here. all
i'd have to do is a line that summs what
I expect user accounts balances to be and compares it to the stat
smickles: mircea_popescu: the more
i think about it. the 'watching mpex addy and keeping track of stuff internally' method isn't as complicated as
i made it out to be
smickles: heh,
i thought of situations like that :)
mircea_popescu:
i mean, why would someone fuck you up on deposits if thery can't withdraw the benefit ?
smickles:
I was planning on haveing that be a manual process
smickles:
i believe
I'm doing everything else more than reasonably securely, but the deposit method,
i'm unsure of
smickles: yes,
i can prevent the exploit which
I originally brought up thru careful monitoring, but who's to say there's one
I have't thought of
smickles: yeah, (if
i have teh btc in the mpex account as well)
smickles: meanwhile,
i'll continue to occasionally bitch and moan about various things
mircea_popescu: im not doing it till
i have a definitive and godly version.
smickles: heh, so your saying
i'll need to update some regexes?
smickles: and
i'm pretty sure, less complicated correlates with less exploitable
smickles: alright, after some thought,
I think watching the mpex address and my mpex accout balance (while accounting for debits and credits from purchases, sales, surety, and outstanding orders) would work
smickles: or,
i suppose the format would be more like :On Sat, 26 May 12 00:30:47 from 1BtCaddY~~ the sum of 0.34524457 BTC
smickles:
I would only be charged for use of the margin if
i exceeded the amount of btc which
I had in the mpex account, right?
mircea_popescu: but your design smacks me of this soviet story whereby if
i wanna buy something at the corner store they make me first run to their headquarters in maine
mircea_popescu:
i mean
i guess you could watch the mpex address for the specified sum, too
smickles: hmm, if
i wait to credit their account until
I see the tx on the mpex addy, plus wait to see that amount hit my mpex funds, would that be enought to thwart a malicious user?
smickles:
i just want to figure out an 'ironclad' way of doing this
smickles: and if
I just wait for that specific amout to show up in my mpex account,
i'm sure a clever scammer could engineer a way to fool my system and basically get a duplicate deposit
smickles: mircea_popescu: but say my mpex acout has 10 btc in it, the user deposits 100 btc (to my wallet),
i have to confirm that, forward it to mpex and wait for the funds to show up in the CxBTC before they can do anything over 10BTC
smickles: mircea_popescu: if
i had some confirmation of funds being available in a STAT,
i could safely have the user send a deposit directly
smickles: darn,
i was hoping to avoid making the deposit process longer
dub: since
I know this isn't the case we can surmise that he is high on dick
dub: if
I didn't know better
I would assume Diablo-D3 was drunk
smickles: mircea_popescu:
i would need to know when the funds became available in the account. is that not done manually?
MoneyIsDebt: Diablo-D3:
I get the feeling you don't like slashdot that much?
Ignatius-otc:
I haven't checked that, would be interesting if so.
smickles:
i'm just going to have to do a bunch of addition and subtraction to verify actualization of deposits in order to have mpex sub-accounts, arn't
i Ignatius-otc: MoneyIsDebt: from what
I have witnessed yes, a mild selloff
smickles: ug, mircea_popescu, what am
i missing here. Is there a way to see that a deposit has made it into an mpex accout other than seeing that the account balance is higher?
smickles: ok,
i should call this thing "smickles' MPEX" or "SMEx" for short
smickles: mircea_popescu: well,
i'm making db tables of my own to hold data for mpex sub-accounts
smickles: mircea_popescu:
i wonder if
i'm replicating your database tables, just with different names
EskimoBob: there is no frn in GLBSE ...
I think.
mircea_popescu: smickles maybe.
i think it;s pretty close to that as it is.
EskimoBob:
i think it needs to send e-mail to nefario every time it waits :)
mircea_popescu:
i believe we need to proceed deductively based on btc principles and come up with functional instruments
mircea_popescu:
i don't believe we need to try and replicate fiat instruments in btc.
EskimoBob:
i think your model is "upside down"
kakobrekla: mircea_popescu,
i added mpex dividend payments to assbot
mircea_popescu: but
i have done my math and
i think
i am large enough to push this through.
mircea_popescu: it never used more than 10k iirc, and
i'm significantly above that, personally.
mircea_popescu: EskimoBob : again,
i could easily just use my own capital to finance all of it.
EskimoBob: yes, this is what
I mean. But lets not forget, it can grow too. And this is what you do: you figure out what you can manage per month
mircea_popescu: but
i think a laeger share of the price is due to the company/prospects than to the direct dividend.
mircea_popescu: if
i wanted to run mpoe as a private thing
i could have continued to do so, indefinitely.
smickles:
i think that's against the business model
EskimoBob: do
I understand you correclty that you need the funds to cover your options?
mircea_popescu: it varies, atm
i have written a lot of calls, others wrote a lot of puts.
mircea_popescu: copumpkin yeah buit companies have something to go on.
i scarcely do.
EskimoBob: and now we are at what
I told you earlier - bond is not a good way to finance stuff like that
mircea_popescu: how do
i plan for the future when the very essence of this future is the unknown ?
mircea_popescu: how can
i get capital for august 5 on august the 31st ?
mircea_popescu: man.
i only need what capital
i need in august on august the 31st
mircea_popescu: copumpkin
i actually am thinking of taking the 5% rate out completely, and let it freefloat.
mircea_popescu: and
i don't want to, cause imo that's the main value of the entire thing, it allows me to have a mpbor
mircea_popescu: EskimoBob if either of those go
i'd have to take out the "pick your own %"
EskimoBob: and this part: not getting paid If
i did not use it" has to go too :)
copumpkin: what it ensures, from most people
I've spoken to, is very little money offered :P
copumpkin: but regardless,
I'm not even going to try if there's a chance my money will get tied up for a period without any earnings on it at all
mircea_popescu: copumpkin yeah, it's the #1 complaint
i hear. but that's there to ensure competition tho
copumpkin:
I'd also be reluctant to call them bonds
mircea_popescu: smickles
i could easily issue bonds at a fixed rate and just shrug. it would break the current price discovery mechanism in the mpoe-bond inverse licitations tho
EskimoBob:
I am just saying that this is not a bond as we know bonds
smickles: or am
i just not thinking of this correctly
EskimoBob:
I am not saying taht the instrument you have is bad
EskimoBob: and lets not forget - your proposed "risk reward" is fixed - hence nothing extra, if you do well but
I get fucked you you get fucked
mircea_popescu: im gathering that the main problem here is that
i haven't carefully enough sepparated the two parts
mircea_popescu: to be honest,
i originally imaghiend there'd be bankers stepping in to offer insured versions