409700+ entries in 0.138s
mircea_popescu: the 1% or so bitcoins that are held by noobs really don't matter in any serious discussion.
mircea_popescu: the vast majority of bitcvoin holders don't give a shit what the price is.
mircea_popescu: Bugpowder you're making the mistake of thinking "people" are like you.
mircea_popescu: basically you can't initiate a sepa wire except from an european bank or subsidiary
mircea_popescu: thuis is kinda the advantage of vbeing american/english
mircea_popescu: yes culture has to be written. else it's maybe civilisation
mircea_popescu: culture mostly means written shit 500 years old or older.
mircea_popescu: it's not dreadful. it's sort of like hm... virginia maybe.
mircea_popescu: there;'s evenb a freenode romanian server what arte you talkin' about
mircea_popescu: anyway, i'd love to stay and chat but i'm due in some meetings. we continue later.
mircea_popescu: mostly the drop triggered what looks more like safety than actual pricing assumptions
mircea_popescu: anyway. the bot's pricing algo is proprietary, yes. i don't see why it wouldn't be.
mircea_popescu: ezdiy you know, there have been 10k btc single orders on mpex.
mircea_popescu: this is true, mpex margin is quite different from most loan ops.
mircea_popescu: if you open one in manhattan nobody's going to bother.
mircea_popescu: consider the situation of a supermarket. if you open one in africa you will have a bunch of shoplifters.
mircea_popescu: jcpham if you only deal with peopel who understand the value of reputation you're more likely to survive for sure.
mircea_popescu: jcpham you know for the record i've not yet had problems with margined ppl.
mircea_popescu: go get in the wot, spend a year or more making sense, trade many many thousands of btc on mpex
mircea_popescu: clueless internet warriors who have definitive answers to things they read on wikipedia. i don't want to empower you folks.
mircea_popescu: ezdiy no, it's designed specifically to keep people like you out actually.
mircea_popescu: pgp people like coinsetter are part of a lengthy tradition of dunning-kruger. the controlling example is one kludge, an out of work bank clerk who figured himself a banker
mircea_popescu: <ezdiy> how do i margin trade on mpex? << you apply for it.
mircea_popescu: that piece looks like it cost a hundred bux. im not quite into giving obscure venues money for this "service" yet.
mircea_popescu: unbalanced_ well... so silicon angle doesn't do research. i had no idea they existed.
mircea_popescu: the barrier to entry however is a lot higher than getting a bunch of people talking.
mircea_popescu: if it were something anyone could do i wouldn't even have bothered doing it myself.
mircea_popescu: anyway, unbalanced_, people (like for instance MtGox) were discussing plans to trade options on bitcoins back this time in 2011, and mpex wasn't even mentioned.