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mircea_popescu: retroactively. looks how much exposure it had at the point it had the most exposure.
mircea_popescu: We have been in contact with these clients but the quality of our exchanges did not allow us to get enough information that would help reveal an vulnerability on our side. Our developpers have in a completely independant way found the issue mentionned above, and only then have we realised that there was a link between our flaw and these 3 customers. We certainly have something to learn here about the best way to ensure
mircea_popescu: no, because the btc community has more money than all the internet combined.
mircea_popescu: if he didn't and nobody said anything cause sure he did... sucks to be him lol
mircea_popescu: error4733 i think it's likely too, but you know, just in case.
mircea_popescu: ;;everify freenode:#bitcoin-otc:0d7b2025f98ee246e08189ba63da58a91aa92dc3142a56e80c32a778
mircea_popescu: 27s Litecoin followed you 49s Devcoin followed you 1m Namecoin followed you 1m
mircea_popescu: people somehow miss on this. options trade on mpex today ? 10k btc or w/e
mircea_popescu: also thestringpuller, you can finger two girls with one hand
mircea_popescu: <ThickAsThieves> like why fluff the bid book in this case << what's that mean ?
mircea_popescu: well, if you withdraw from a margined account it goes to cover margin first.
mircea_popescu: we read, we write, we process information. modern day mentats.
mircea_popescu: but the collateral you post is ALWAYS going to be more than what you get selling.
mircea_popescu: <ThickAsThieves> i assume more btc was paid to the seller, than the amount he has up for collateral? << now what sense does this make !?
mircea_popescu: i think in the future bitcoin will make THE BEST detective/mystery stories
mircea_popescu: ThickAsThieves i would imagine his thinking is that price is going up, so sold the puts, and in the case it goes a little under has the calls to pay him
mircea_popescu: the golden rule of mpex is "it always pays to have positions in the book"
mircea_popescu: i suppose technically it's a bet that the bot closes correctly.
mircea_popescu: course... the bot could be closing him the other way too, ie, to protect itself. and since whiplash can go both ways
mircea_popescu: whiplash can be a serious problem for this position, so i guess it implicitly is a bet against whiplash
mircea_popescu: so basically if price stays over 143 makes money on the puts, if goes a little under makes money on the calls to somewhat compensate.
mircea_popescu: heh. i bet you there's two more sets of 143 on the pipe.
mircea_popescu: so sold puts short, their break even is ~142, so also sold calls short at 143