407200+ entries in 0.136s
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
mircea_popescu: ThickAsThieves the bot always tries to resell. that's why it always quotes both ends.
mircea_popescu: jborkl it's not nice! stop trolling da reddit folk! you're a jerk!
mircea_popescu: it would be a website that's a bank and has a nice interface. whatcouldpossibly.pdf
mircea_popescu: Why doesnt someone open an online bitcoin bank? It could have a nice online interface"
mircea_popescu: "I dont know if something like this has been talked about but im sure it has crossed peoples minds.