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mircea_popescu: Namworld i seriously would prefer a world run by china to a world run by the us.
mircea_popescu: and the chinese just announced they're moving the yuan on gold standard.
mircea_popescu: i kinda like this "s.mpoe worth 600k btc x 50 a pop" business
mircea_popescu: moreover, if he's for whatever reason short usd, like having taken in btc obligations and usd assets
mircea_popescu: makes sense to spend 50 per call rather than 100 per call.
mircea_popescu: anyway, if anyone cares max pain is like 17.8 or some shit
mircea_popescu: and even if i were, fuck me if i'd sell btc in a blowup
mircea_popescu: if these trades unwound there it'd have pushed volume over 100k i guess
mircea_popescu: basically people have been adding ~7-8k of notional btc exposure every 10 minutes
mircea_popescu: Bugpowder i dunno i never did it myself. sorta guessing
mircea_popescu: so upswings more likely to be accurate than downswings
mircea_popescu: than if it goes down and you have to send wires and wait for a week
mircea_popescu: truth is tho, there's an asymmetry at work. if price goes up it's much easier to add btc to exchangesd to quench it
mircea_popescu: this is certainly going to be record option volume month
mircea_popescu: i guess it all depends if one major holder decides to take 18 and exit
mircea_popescu: Namworld well if you look at it, the whole set is 200 btc. liek a sdice bet