mircea_popescu: so if btc goes to zero outstanding puts just get setrtled in fiat

mircea_popescu: fortunately because btc is small and fiart is large it is kinda trivial for me to insure against that

mircea_popescu: lol

mircea_popescu: no ?

mircea_popescu: konspiraci!

mircea_popescu: you put up a little more, which pays for insurance.

mircea_popescu: Namworld they are fully covered, since you do put up enough btc to cover for the put in usd atthe time you write it

mircea_popescu: pizzaman1337 it can't be, cause he deposits collateral

mircea_popescu: if btc goes to 40, he's on the hook for the difference

mircea_popescu: if btc goes to like 55 and stays htere, all the btc he got selling he keeps

mircea_popescu: pizzaman1337 yes

mircea_popescu: mjr_ well, if they're not in the money they just dissapear

mircea_popescu: pizzaman1337 yes, or they autoexercise at month end

mircea_popescu: mpoe bot is just marketmaking

mircea_popescu: v2.0

mircea_popescu: ddos

mircea_popescu: ya ltc is crazy lol

mircea_popescu: 55 seems likely.

mircea_popescu: im sure finished version won't be doing thatl ol

mircea_popescu: a that'd be insane

mircea_popescu: whtats the big deal, noobs join/part all da time

mircea_popescu: something like 2500 per batch

mircea_popescu: mjr_ probably about .5 btc per contract

mircea_popescu: Bowjob absolutely.

mircea_popescu: yeah, that actually may work

mircea_popescu: just the net gain as a function of btc price changes

mircea_popescu: thats true.

mircea_popescu: nah.

mircea_popescu: no, it's a put.

mircea_popescu: you can tell cause the bids were taken out not the asks

mircea_popescu: the customer sold.

mircea_popescu: the bot bought.

mircea_popescu: person is basically saying "btc will stay over 50 the entire month, and maybe even over 55"

mircea_popescu: Bowjob nah. these were sold not bought

mircea_popescu: so they could deliver to customers rather than cancel orders

mircea_popescu: if coinlab etc had a clue they could actually insure their coins

mircea_popescu: 50ish

mircea_popescu: !ticker m ^oix

mircea_popescu: MadSweeney indeed.

mircea_popescu: i guess it ain't gribble shorting them

mircea_popescu: and has a coupla k's to back that thinking

mircea_popescu: so basically someone thinks btc will stay over 50ish

mircea_popescu: new record.

mircea_popescu: aand we're officially over 200k option contracts traded this month.

mircea_popescu: cool.

mircea_popescu: don't mention it.

mircea_popescu: irc is robust as long as freenode stays online.

mircea_popescu: anything manmade is in principle doomed.

mircea_popescu: this is a difficult question tho, robust by what standard ?

mircea_popescu: i woulsd guess irc is the most robust

mircea_popescu: other than that there are private proxies available atm, and the public irc bots.

mircea_popescu: but it hasn't come to that.

mircea_popescu: i had mentioned that if the worst comes to worst we will take it to email,

mircea_popescu: benkay email is not atm such a channel.

mircea_popescu: was pretty huge.

mircea_popescu: we mostly came to the conclusion it must have been a msitake

mircea_popescu: i think the record is that one time when s.dice got sold to like 0.0008

mircea_popescu: Bowjob end of jan somebody got wiped for like 5k actually

mircea_popescu: multi purpose excalibur

mircea_popescu: haha totally.

mircea_popescu: it's always been MPEx

mircea_popescu: benkay she is ocassionally allowed a quiet seat at the board meetings.

mircea_popescu: ahaha somebody just pm'd me https://bitcointalk.org/index.php?topic=64962.msg773754#msg773754

mircea_popescu: yeah

mircea_popescu: totally.

mircea_popescu: back in april 2012 when it was introduced fee was like, 100 bux irrc

mircea_popescu: yeah.

mircea_popescu: the longer one waits the more painful it gets.

mircea_popescu: the usual consumerist "o, i'll just wait" is suicide here.

mircea_popescu: i always said it's only going up.

mircea_popescu: you can also inspect these one at a time with assbot's !ticker

mircea_popescu: ha!

mircea_popescu: volume weighted average price

mircea_popescu: benkay $post $depth $vwap

mircea_popescu: $depth

mircea_popescu: plaintext

mircea_popescu: nope

mircea_popescu: why ?

mircea_popescu: mjr_ that was always the case ?!

mircea_popescu: where's the coinlab pr spam with "mpex indomitable, btc surges"

mircea_popescu: good designs well administered shall prevail

mircea_popescu: incredible huh.

mircea_popescu: ddos is one of the better things that happened to mpex so far

mircea_popescu: challenge brings innovation, as they say

mircea_popescu: i tell you this shit's pretty exciting

mircea_popescu: a cool

mircea_popescu: in other news, the #bitcoin-assets log for this current month (9 days!) is over 1mb

mircea_popescu: mod6 nothing to be sorry about lol

mircea_popescu: !ticker m s.mpoe

mircea_popescu: 50 again huh

mircea_popescu: !ticker m ^oix

mircea_popescu: jborkl_ not much surprise there.

mircea_popescu: android is a phone neh ?

mircea_popescu: mjr_ mod6 is working on stuff like that.

mircea_popescu: Josh_Rossi exactly.

mircea_popescu: so mjr can identify as Josh_Rossi and for gribble mjr will be Josh_Rossi for as long as mjr doesn't part.

mircea_popescu: it will keep track of that name you identified from.

mircea_popescu: if you identify as Josh_Rossi from any account

mircea_popescu: no

mircea_popescu: yes.