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mircea_popescu: As a currency for purchasing power, I grew up with the US dollar so I'm used to having stability enforced by people way more powerful than myself. If I were stuck using certain other national currencies, I would probably be more inclined to appreciate bitcoin's efforts. Especially if that currency was subject to BS levels of printing printing printing.
mircea_popescu: Bowjob the fact is, the way the human body works first pregnancy should be delivered around 18 years of age.
mircea_popescu: ie, they have free testing, stuff like the berkley db etc
mircea_popescu: tiberiusiv the one reasonable explanation i heard so far is arbitraring bitcoin testing
mircea_popescu: they were bleeding market share pretty much monthly since 2011 or so
mircea_popescu: it will just fade for six months or a year, then some clueless nitwit a la Ryan Singer will "bring it back"
mircea_popescu: with all the problems us people have buying esp large ammts of btc
mircea_popescu: Chaang-Noi then probably selling puts is better for you
mircea_popescu: so you look at it... well i bought 50 dollars worth of 1 btc, got 20 calls at 75, now i made 13 btc which are worth 200 each. so from 50 to 2600 dollars.
mircea_popescu: you could also buy 20 btc and then buy options with them, gain 400 btc exposure that way
mircea_popescu: well... you could send 50k usd to an exchange and buy 1000 btc. but this takes time and all the bs.
mircea_popescu: anyway, far out of the money calls are great from a fiat perspective. say you are sure btc is going to 500. what can you do ?
mircea_popescu: if it goes to 200 you get 125 / 200 = .62 each x 20 = 13 btc so like 13x
mircea_popescu: Chaang-Noi no, at the then current price. hence the /76 if price is 76
mircea_popescu: mjr_ well... what do you mean why ? cause it was traded
mircea_popescu: costs you about half a btc to buy, get 2 satoshi per if you sell
mircea_popescu: "we hope to be able to finally be back to regular delays by April."
mircea_popescu: that line got 30k worth of trades thios month, it;'s been crazy
mircea_popescu: well... perhaps exaggerated but certainly something to it.
mircea_popescu: this is true, but no government ever has or ever will survive a one third haircut of assets.
mircea_popescu: lol listen tiberiusiv, something like a 30 to 40% haircut => collapse.
mircea_popescu: it's reallty delicious when wanna-be cheaters get rammed.
mircea_popescu: on top of 20+ btc expected from bet resolutions there's about 10btc or so coming from people who tried to leech the btc/usd rate bet and got in too late.
mircea_popescu: and moreover, they're about as socialist as the uk by now
mircea_popescu: watch cops help old ladies cross the street on this model.