411200+ entries in 0.165s
mircea_popescu: why shouldn't option gholders make bank if they;re right ?
mircea_popescu: you know, s.dice loses every fgucking month about 50% of the bets made
mircea_popescu: i don't understand why people are so aggressed at the notion speculators made money.
mircea_popescu: if there's not a lot of exposure i don't really care either way
mircea_popescu: if i carry a lot (a lot!) of sold calls on the book and price goes up then i can hurt. if it doesn't then mpex makes bank
mircea_popescu: i can end up either long or short BTC on that book, depending what people did
mircea_popescu: i'm passive. do you understnad how mpoe options work ?
mircea_popescu: well yes. who else do you know who can maintain a 500k BTC notional exposure ?
mircea_popescu: taub yeah i dare go on a limb and say it's not so common this stuff.
mircea_popescu: problem with being rich. fucking numbers on the screen
mircea_popescu: pgp i dunno but everyone mining it has real long penises...
mircea_popescu: that's possibly the most ridiculous sounding thing ever. mircoin
mircea_popescu: @Mircea_Popescu You should consider introducing #mircoin
mircea_popescu: holding s.mpoe hedges against everything other than me going mad.
mircea_popescu: this is all highly speculative of course and actual situations may play whichever way circumstances dictate etc.
mircea_popescu: depending on context i think simply another alt chain being worth more would mean i move.
mircea_popescu: if it's this very clear cut, bitcoin is ded, bitcoin' is here
mircea_popescu: FabianB yes, in the very catastrophic event you have in mind.
mircea_popescu: before the recent betsofbitcoin scam bitbet was doing 1.5-2k btc a month, betsofbitcoin was doing 20-50
mircea_popescu: "mpex is too expensive ergo it doesn't exist. the rich people there do billionty dollars, but it never happened because they don't take my fiddy bux"
mircea_popescu: i'm just a little sick of this super-superficial attitude
mircea_popescu: Namworld how do you know it's not investors catching up with adoption ?
mircea_popescu: unbalanced_ ity's not even 3x the previous enfoced plateau
mircea_popescu: i guess people are learning the value of keeping your btc on mpex ?
mircea_popescu: there's like 5 txs to mpex have been waiting to be confirmed for > 2 hours by now
mircea_popescu: maybe btc does a similar number. runs up to 1k or w/e, then spends a year there.
mircea_popescu: itstarted at 0.00002, went to 0.004 within a fewe mionths
mircea_popescu: come to think about it, the evolution of BTC mimicks the evolution of s.mpoe.
mircea_popescu: you know... obviously it would have been better if this happened slowly, over the course of a year.