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mircea_popescu: (incidentally, this is also why ipads are doomed as a serious technology. no right click ? fu.)
mircea_popescu: we're really very well designed, which means economically designed.
mircea_popescu: yeah. loss of fine motor control as a result of inervation of the gross motor pathways.
mircea_popescu: it's really uncomfortable for humans to hold their arms extended in the air.
mircea_popescu: anyway, you don't HAVE to underwrite options, you can pretty much cover all strategies simply buying
mircea_popescu: i think the sort of macro stability you want here may take a little more than a few months.
mircea_popescu: so, in general mike_c i can see some merit for what you're saying, and in the end things are going to move that way. mpex is in no way given for all time as it is.
mircea_popescu: asciilifeform yeah. tho he cheats by having the piano there.
mircea_popescu: well no, problem branches in a different direction now.
mircea_popescu: suppose you have credit taken which gets called on the ground of exercises being announced.
mircea_popescu: announcing the exercise is not substantially different, in that it would send an actionable signal of the same type.
mircea_popescu: in a heavily mommentum traded by vastly the incompetent and clueless, on very little actgual capital
mircea_popescu: if you dump this 650 btc into buying more btc on margin, you are in fact adding to the noise
mircea_popescu: a week later, the price doubles. you get exercised. you obtain say 650 btc back.
mircea_popescu: let's take a case, as a for instance. you write 1000 calls @200, deposit 1000 btc.
mircea_popescu: conceivably it would cause panic, especially if you take the returned capital to immediately go the other way.
mircea_popescu: basically underwriting an option puts you in this firm, fixed term commitment.
mircea_popescu: exercises are assigned, but collateral is not returned until end of month.
mircea_popescu: on the other hand, the btc options market is fragile, and this may be one of those cases where information aggravates problems.
mircea_popescu: so, on one hand option exercises are not commonly announced in any market.
mircea_popescu: and the 2nd doc is the registration paperwork of the panama fund thing. the first is a list.
mircea_popescu: Vp7771 you know you can just type mirc and hit tab, that way it actually highlights
mircea_popescu: in the sense you were right about investments recently, sure.
mircea_popescu: mike_c by the end of this month you can count on it as impossible.
mircea_popescu: douchengjie@d181.k12.id.us 4:33 pm It is our new report (Super sub-penny)!!!
mircea_popescu: somebody's making some bitcents at the expense of ten million newyorkers
mircea_popescu: for most of my infancy i was a curly blond haired kid with blue eyes
mircea_popescu: nubbins` unbelievable as this may sound, i was a much cuter kid.
mircea_popescu: people have pix of me @seaside hanging out with da nudist bitchez in a suit
mircea_popescu: nubbins` actually i'll do you better : it's not that i've never worn a shirt, it's that i've always worn a suit.
mircea_popescu: anyway it'll be funny when it gets to ver's 300k btc. i never met someone with millions in their pocket go nuts over a 5 btc mispayment or whatever that was last summer.
mircea_popescu: well honestly i am sort-of hoping rpietilla goes berserk again and starts sending people btc
mircea_popescu: still, oct 23rd. he could have got run over by a bus / had a heart attack / etc.
mircea_popescu: so this is why people were bitching to basically be alloweds to use bitbet as an escrow for months
mircea_popescu: well ima go take the local crazy bitchez for a halloween walk through the fog.
mircea_popescu: apparently bitcoin is very ups and downs sort of tyhing
mircea_popescu: and for that matter the book carried 1mn btc implied at some point.
mircea_popescu: Ademan to help you get some proportion. born a week before bitcoinica.
mircea_popescu: dub you were the source of much bitctointalk confusion btw.