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mircea_popescu: what's that virtual reality game ? not second life, the other one
mircea_popescu: only to discover that no, bitcoin is not instantaneous
mircea_popescu: there were people who waited for btc/usd to be 49.99 before betting
mircea_popescu: yeah well, people thinking they'll leech everyone else don't historically do so well on bitbet
mircea_popescu: {mircea_popescu} mpex is here to arm bitcoin with all the high impact high efficiency weapons fiat currencies have.
mircea_popescu: {mircea_popescu} people don’t understand many things, chief among which that the world is at war, and finance is the means of that war.
mircea_popescu: and mpex is all about creating a market and bulding an ecosystem, so.
mircea_popescu: even tiny minute things done in five minutes today will be a career down the road.
mircea_popescu: even leaving aside the conference trail clowns, the ideological types and all the geek weirdoes,
mircea_popescu: i would guess about a third of the best minds of this generation are more or less discreetly circling the matter.
mircea_popescu: especially considering what training traders costs on the fiat markets.
mircea_popescu: with the current run up i'm not sure i'd call it low cost, but it IS moderate
mircea_popescu: certainly the best phds of the future will b done on bitcoin/mpex/whatever
mircea_popescu: so the more people thinking about it the better, a fertile field as it's called.
mircea_popescu: the thing is new, price data extends little in the past, there's a lot of weirdness in the market
mircea_popescu: anyway, btc investment strategies are an intellectual contribution
mircea_popescu: but this is just a sidepoint. if you're looking to invest btc what are you going to do ?
mircea_popescu: anyway, mpex charges .2% seller only. if you make .5 round trip then .3 difference will yiueld 30 btc over 10k traded.
mircea_popescu: you know it occurs to me... when new person takes an hour just to gaze at the edges of this thing...
mircea_popescu: last calculation i recall something like 2k btc total trade volume justifies the fee
mircea_popescu: there was a 10k btc buy of S.DICE in one go at some point.
mircea_popescu: they mustn't do anything. they do what they please,. buy, sell , whatever
mircea_popescu: but anyway, since option stuff was your main interest, read up on the oix
mircea_popescu: but, for high volume or sophisticated peeps it's a nice perk.
mircea_popescu: and most wouldn't know what to do with it if they had it.
mircea_popescu: average investors are not expected to buy themselves a seat at the exchange
mircea_popescu: well, you can go through the MPEx category on trilema, there's a lot of stuff there
mircea_popescu: like pympex, coinbr, there's also a windows gui and a phone one in the works
mircea_popescu: a good section of tools etc were actually developed by community peeps
mircea_popescu: mpex stands as an insult to the intelligence of the average voter.
mircea_popescu: anyway, the O.BTCUSD stuff, those are all option lines
mircea_popescu: ah. right, you said school earlier, what school is that ?
mircea_popescu: i thought im the only one that still remembers that old codger