log☇︎
414700+ entries in 0.129s
mircea_popescu: microhxo USA is a little iffy, might want to give otc a try tho
mircea_popescu: ThickAsThieves sure.
mircea_popescu: microhxo where are you based ?
mircea_popescu: ThickAsThieves yeah, i care deeply about the knitting circle.
mircea_popescu: Troic nope.
mircea_popescu: lol
mircea_popescu: Bugpowdurr the puts covered earlier so dunno about that.
mircea_popescu: obviously it was going to get kicked back as soon as it went over 100
mircea_popescu: best april fool's ever.
mircea_popescu: "Obama Proclaims April the Month to Teach Young People ‘How to Budget Responsibly’"
mircea_popescu: Scrat a my bad, brain confused aeon/aethero
mircea_popescu: course their usual lieing sort of bs suggests they do have eu licenses.
mircea_popescu: are currently using some eastern european banks which allows them to skirt it.
mircea_popescu: also for the record : mtgox failed to get registered in europe, got kicked out of france,
mircea_popescu: " you need to discuss with every single state" ya dood, i'm sure every single state is discussing shit with every single bootstrapped project.
mircea_popescu: a ok.
mircea_popescu: _aeon are you related to ziggap ?
mircea_popescu: Apr 01 15:15:32 <mircea_popescu> ;;later tell bugpowder : here's an idea : make hashing processors out of dragonfly brains.
mircea_popescu: Bugpowdurr your habit of logging in and then dropping makes you lose out.
mircea_popescu: is this the dead asset deprived was discussing ?
mircea_popescu: this is something else
mircea_popescu: https://bitcointalk.org/index.php?topic=163260.0
mircea_popescu: splnkr probably.
mircea_popescu: anyway, all that aside, the idiff futures are largely an experimental asset, so
mircea_popescu: not to mention we don't even know how many exactly.
mircea_popescu: i'd need ~30 or so items in a year
mircea_popescu: that'd be incredibly short term
mircea_popescu: this is liable to be correct for as long as mining is still immature obviously.
mircea_popescu: jurov i think his presumption is that diff can not go down
mircea_popescu: and that may be a good idea, but won't really be worth discussing for about another year
mircea_popescu: i mean i could use all 4 (barring the fact that currenlty we only have 1 anyway)
mircea_popescu: why ?
mircea_popescu: yes, but is it a factor for volatility from one settlement to the next.
mircea_popescu: what's the 2.9x ?
mircea_popescu: yeah, specify something i can follow.
mircea_popescu: it's a nice sentiment, but fundamentally unworkable.
mircea_popescu: that's fine, but it seems to me like a case of "you should improve your exchange so everybody makes money on all trades"
mircea_popescu: what did you think ?
mircea_popescu: well yes, it does. if i had a better way i'd be doing it.
mircea_popescu: ya, see, this doesn't work as an approach. i mean it's prolly fine in middle school or w/e, but i'm not 14.
mircea_popescu: ThickAsThieves you still haven't solidified your idea into something we can discuss tho.
mircea_popescu: but i'm pretty darned certain will save everyone a shitton of sweat, blood and tears in five years.
mircea_popescu: or in other words : my insistence in implementing correct designs or nothing at all, and decentralisations such as these may make me look like an idiot today
mircea_popescu: because it insulates from market manipulation accusations.
mircea_popescu: it's very important to have sepparate data feeds and trading,
mircea_popescu: while significant for a trading place, are NOT to be solved by the trading place itself.
mircea_popescu: perhaps best to ask him, buit in general speaking the problems of access to market data
mircea_popescu: there's sipa's thing no ?
mircea_popescu: um
mircea_popescu: what'd you want me do ? i can't increase it.
mircea_popescu: (well, we had a board meeting, but anyway)
mircea_popescu: i admit the 2.9x is just some number i took out of my ass.
mircea_popescu: and yes, but local and mostly unofficial.
mircea_popescu: there's no mass market of bitcoin securities ;/
mircea_popescu: we'll have to take them in slowly and selectively.
mircea_popescu: understand : the general public is very dangeours (chiefly to itself) in any sort of functionuing marketplace.
mircea_popescu: don't get bitter.
mircea_popescu: what sense does that make
mircea_popescu: i read this and what i see is "i couldn't make people living in queens understand what the schmier is with stock options. i'm sure high powered executives would bne the same"
mircea_popescu: but i mean...
mircea_popescu: who are these people ?
mircea_popescu: so what do you know ?
mircea_popescu: kay...
mircea_popescu: you go to finance conferences ?!
mircea_popescu: jurov how is this my problem you figure ?
mircea_popescu: ThickAsThieves the 15.8mn ? so get them
mircea_popescu: for the other, just read the graph wtf.
mircea_popescu: for one settlement was announced in here when it happened.
mircea_popescu: jurov i don't think that's particularly fair.
mircea_popescu: deposits flushed.
mircea_popescu: ThickAsThieves that's how futurtes work. settlement to settlement.
mircea_popescu: yay
mircea_popescu: last settlement.
mircea_popescu: bam.
mircea_popescu: he has to deposit 290% of the PREVIOUS DIFF
mircea_popescu: well here's the beauty : this is already implemented.
mircea_popescu: o i see.
mircea_popescu: so what, if he cancels the bid the futures dissapear from his account ?
mircea_popescu: you've just made mpex bankrupt.
mircea_popescu: then sells them for .05 btc each and withdraws.
mircea_popescu: he makes the chosen price 1 satoshi, deposts 1.25 satoshi per
mircea_popescu: you're not thinking very well.
mircea_popescu: so if you choose 1 satoshi ?
mircea_popescu: ...
mircea_popescu: 125% OF WHAT.
mircea_popescu: this is perfectly fine, but they are different things.
mircea_popescu: no. i have a process, he is doing otc.
mircea_popescu: otherwise this is simply an otc trade.
mircea_popescu: through a process.
mircea_popescu: without asking him.
mircea_popescu: can you underwrite some with jurov and sell them to him ?
mircea_popescu: define "Work fine" in this context
mircea_popescu: well ?
mircea_popescu: sure, why not.
mircea_popescu: or you know, make pigs fly.
mircea_popescu: that's like saying grow tits.
mircea_popescu: ie, all the same.
mircea_popescu: this doesn't work, because market traded contracts have to be standardised.
mircea_popescu: ok, well... the other thing i got was "make each idifff a different, user specified contract"
mircea_popescu: do you follow that ?