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mircea_popescu: i imagine it must be bruising egos but other than that... heh. who cares.
mircea_popescu: thestringpuller it is kinda funny, shrem gets owned, site is offline for three days, customers miss rally, popescu is ddosed nothing happens.
mircea_popescu: thestringpuller possibly that they draw from the same reservoir of future as the price does.
mircea_popescu: jcpham remember the polish exchange that mtgox acquired in 2011 ?
mircea_popescu: jurov it's gotten to that point hasn't it. funny how things topple in btc.
mircea_popescu: Lyspooner so i made a spurious comment on the interwebs.
mircea_popescu: i can't even write about this shit, it'd be doing it favours ;/
mircea_popescu: every halfwit with a "liberal arts" degree in nothing specifically from Nowhere University is going to, on the mid term, publish a finite nonzero number of papers
mircea_popescu: one of them being that youthful cocks with milkstrings still atached will end up publishing on wanna-be "respectable" venues a la seeking alpha as if they were people.
mircea_popescu: because myspace profiles will compete each other into irrelevance
mircea_popescu: jcpham ok, some idiot who came up with the brilliant idea that because the cost of making websites is small, the internet will never exist
mircea_popescu: i can't believe forum idiots actually propose btctalk as a comparison for anything.
mircea_popescu: what've they traded since august, say 200k btc or so ? i've made 400 btc off that.
mircea_popescu: "herpderp i learned sort-of webcoding over the summer so now i start a business where other people do the work. it's a platform."
mircea_popescu: Massage4BTC.com is now operational and lets anyone offer local massage services for BTC."
mircea_popescu: Lyspooner the scams there got moved to bitcoin-assets.com
mircea_popescu: hard to tell which is the larger idiot, the zh borg or krugman
mircea_popescu: deadweasel the valuation by last trade algo is prolly dubious
mircea_popescu: so did s.dice get massacred because people thought mpex is gone ?
mircea_popescu: in short : i've put a lot of thinking into creating macrostability here, i obviously may have overlooked holes/been stupid/etc, but it won't be trivial in any case.
mircea_popescu: moreover because all trade settles in btc on mpex that defacto sterilizes some currency too
mircea_popescu: with a lot of finesse you could construct synthetic positions of maybe 100k, but not 1mn and over.
mircea_popescu: more importantly, the mpoe bot book is limited. you can't get much more than 20k or so notional exposure per strike
mircea_popescu: unbalanced in theory this is possible. however this theory tends to blow up in practice. it's no different from any attempt to corner a market, and those have historically ended up poorly.
mircea_popescu: @karenmpd They move. Consumers don't get a say, that's what the definition of consumer implies : "stfu, swallow the menu, say ty".
mircea_popescu: Regulation can stand in the way of innovation in the interest of protecting consumers. What do entrepreneurs do?"
mircea_popescu: the reason is that bitcoin which'd normally hit the exchanges pushing the price gets sterilized on derivative trades on mpex
mircea_popescu: <unbalanced> Anyone have theories as to why this runup is so fast then? Is it driven by MPEX futures, or trader manipulation, or is this how the Fed kills BTC: it just buys them all? << historically mpex futures tend to quench rallies (and probably drops too) rather than amplify them