342200+ entries in 2.553s
Wolf_L: So you could buy up to $30 at
a $14 average
gribble:
A market order to buy 140000 bitcoins right now would take 2019344.0324 USD and would take the last price up to 30.0000 USD, resulting in an average price of 14.4239 USD/BTC.
gribble:
A market order to buy 130000 bitcoins right now would take 1768377.5390 USD and would take the last price up to 20.0000 USD, resulting in an average price of 13.6029 USD/BTC.
gribble:
A market order to buy 120000 bitcoins right now would take 1575702.1023 USD and would take the last price up to 17.5900 USD, resulting in an average price of 13.1309 USD/BTC.
gribble:
A market order to buy 150000 bitcoins right now would take 43206514.1319 USD and would take the last price up to 100000.0000 USD, resulting in an average price of 288.0434 USD/BTC.
gribble: This order would exceed the size of the order book. You would buy 150447.71 bitcoins, for
a total of 1112962330.6030 USD and take the price to 1000000000.0000.
gribble:
A market order to buy 100000 bitcoins right now would take 1265845.2707 USD and would take the last price up to 15.0000 USD, resulting in an average price of 12.6585 USD/BTC.
gribble:
A market order to buy 50000 bitcoins right now would take 577471.3123 USD and would take the last price up to 12.2157 USD, resulting in an average price of 11.5494 USD/BTC.
Wolf_L: what
a load of bollocks
rg: we start filming in
a month
rg: they have
a machine that turns themwhite
rg: its been
a while since i read it
usagi: and build
a moon base, and then 50 years later come back and invade
rg: cause the EU has turned into
a fourth reicht type thing
rg: i wrote
a screenplay about bitcoin
usagi: I have
a plan for that soon
rg: chang has
a shitload of ltc
rg: okay usagi, i have
a couple thousand if you need em
mircea_popescu: no, i just want to show you that you're irresponsible. you sell me the insurance, i go put
a block of 50mn shares of my own stock at half the current implied price and i've taken you out.
mircea_popescu: so let's see, mpoe.etf is
a fund that's worth ~1800 btc atm ?
usagi: it's not so complex but requires
a detailed analysis.
mircea_popescu: how exactly do you evaluate the volatility of
a stock that existed for less than
a year ?
usagi: BTW we have sold
a few options contracts and paid out on one already
usagi: I could just as well sell smickles an option to buy out his fund at
a certain strike price.
copumpkin: so the main benefit of selling investment insurance over investing directly is that you don't need to provide money, because the risk profile is identical. This lets you invest in
a million different things, and assume way more liability than you're worth (ultimate leverage), which is only sane to do if your investments are uncorrelated
usagi: We agree to (for example) 100 payments of 5 bitcoins
a week, in return for
a (say) 400 BTC line of credit.
usagi: Smickles; I think
a much better form of insurance for
a fund is nav insurance.
copumpkin: it doesn't make sense for you to accept less reward than
a direct investor
copumpkin: you're taking on the same risk as
a lender/investor as an insurer
copumpkin: mircea_popescu: that was
a problem, but the main issue for profit vs. risk assumed is diverfisifcation
usagi: Probably 1%
a month
smickles: wikipedia on traditional security investor protection " It protects investors in certain securities from financial harm if
a broker-dealer fails. It does not protect against losses in the securities markets, identity theft, or other 3rd-party fraud."
copumpkin: but mostly, insurance is only really worth it if you have
a really wide uncorrelated portfolio of insured things
mircea_popescu: copumpkin worked on it for
a while, but it just doesn't work.
usagi: it would depend on what you wanted protection from. if you wanted protection from something happening wrt glbse or mpex or protection on
a particular asset that would be different
usagi:
A shareholder protection agreement would protect investors in ss if the broker/dealer relationship failed
smickles: as i'm
a broker, do you offer security investor protection?
mircea_popescu: but i do read it. just, i keep everything for
a few years first.
mircea_popescu: well, irl i'm
a business consultant, but by my actual education i'm an philosopher/anthropologist
MrTiggr: (yu think i have enuf energy to maintain
a mediawiki ppfft)
MrTiggr: ^^ anyone else too, have some fun; take it out on
a wiki, not the forums :P
MrTiggr: ;) its new .. (is me and
a few others :D)
smickles: the only differenc between my account and
a user's account, is that i can set my actions to affect
a user's account
smickles: not really like
a form to email me, more like navagate to the page wihe the button that says "BUY X CALLS" with input for x and the details of the the call
smickles: i'm taking the perspective that i should make
a web ui that fits my needs to service people who 'call me'
smickles: and rg, if this does well, i'll need
a dedi
rg: not everyone is
a chatty catht
mircea_popescu: there is something i don't understand here tho. if i ihad the option of using
a website or talking to
a person, i'd chose the later.
rg: <smickles> mircea_popescu is
a fag
rg: well that's
a silly question
Chaang-Noi: butthurt? not at all, ignoring your spam is not that much of
a bother
mircea_popescu: "The World Wide Web (abbreviated as WWW or W3, commonly known as the Web ), is
a system of interlinked hypertext documents accessed via the Internet."
Azelphur: the internet is laid out like
a web, which is why the two terms are used synonymously
Azelphur: I don't think that's correct at all (what does
a web have to do with html documents)
mircea_popescu: it's not
a matter of what i think. the web is the sum of all html documents and their connections (ie links).
assbot: [MPEX] [B.MPCD.
A] 100000 @ 0.0010105 = 101.05 BTC [+]
assbot: [MPEX] [B.MPCD.
A] 9000 @ 0.00101 = 9.09 BTC [+]
assbot: [MPEX] [B.MPCD.
A] 4400 @ 0.0010088 = 4.4387 BTC [+]
Azelphur: mircea_popescu: because one is
a description of the other
mircea_popescu: well.. anyway, here's to hoping people are smarting but
a lot smarter.
toffoo: haven't lost
a bitcent to any
mircea_popescu: the true killer was that some people brought forth not really proof... but some indication of possible collusion. it became clear it's impossible to actually verify
a default.
mircea_popescu: but at any rate, i just wish more people sat for
a moment and thought things through.
mircea_popescu: and so
a major invested paniced and sold into my bid. i cleared ~1k
dub: he is
a bag of dicks?
dub:
a seriously retarded forum user
dub: copumpkin had
a lobotomy?
mircea_popescu: some douche talks nice to them, flatters them
a little, wham, best of friends.
mircea_popescu: i think maybe he's just gettying hit by
a general flood of people from the sinking ship.
mircea_popescu: Chaang-Noi "LIF.CX to me seemed like
a ponzi, esp after I asked him about it. What I am wondering however is why did it go bad so soon? Even if this was designed to fail it should have lasted longer than this." remember that quote ?
mircea_popescu: Doffx i guess you see the wisdom of having
a 100k+
a month exchange BEFORE the frontend
Doffx: It really doesn’t matter now, its not an 'm right, your wrong thing. She scared people off, and you spend
a lot of time defending the actions when it could have been avoided.
smickles: Doffx: mircea_popescu gave her
a signed statement to tell people to "fuck off"
Doffx: Its not difficult its confusing because of the layout, you need
a good front end.
Doffx: Its
a shitty login
gribble: Error: "pl" is not
a valid command.