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mircea_popescu: a sio this way it can trade/invest/trade/invest sorta thing ?
mircea_popescu: beingtall on the short bus has the advantage you don't sniff aanyone's farts.
mircea_popescu: Doffx i like how her tattoos seem to be drowning on her
mircea_popescu: i love the shock people get when they discover that... wait!!!! while we knew better and ignoed gpg and didn't user irc and etc stuff was happening!
mircea_popescu: "Does anyone actually think MPEX is worth $8.4 Million USD? Seems WAY overvalued to me (like 1-2 orders of magnitude)."
mircea_popescu: hehe. one of the advantages of starting slow, you catch these things before they do damage
mircea_popescu: maybe a composite, maybe just a simple auction-type site
mircea_popescu: no thestringpuller. the main issue is that a single price is meaningless for a fragmented set of random submarkets.
mircea_popescu: arbitrage is meaningless if you can't close the cycle.
mircea_popescu: it's more likely to findsome btc in the park lying on the ground.
mircea_popescu: people in 19 markets pay more cause some douche peed in his cocoa stores.
mircea_popescu: thestringpuller let's get it this other way : there's 20 geographically distinct markets. in one of them there's a shortage. that guy goes and buys moar cocoa. drives price up
mircea_popescu: cause cocoa for (instanbul to budapest) is different from price in (cote d'ivoire to atlanta)
mircea_popescu: that's not really tyhe point. the point is that if you're decentralizing the clearing house why are you centralizing price formation
mircea_popescu: which is what makes this slightly inadequate for a spot-type exchange traded thing
mircea_popescu: which isn't a bad thing, but it doesn't make sense to lump it all under a generic name
mircea_popescu: spot markets evolved historically and make sense in conjunction with a delivery spot.
mircea_popescu: what sense does it make to have a centralised spot market when nobody can take centralised delivery ?
mircea_popescu: what makes you think that most buyers of the future would buy to have it delivered ?
mircea_popescu: thestringpuller well, what diff does it make if it's chains or stores ?
mircea_popescu: the sdice for 18 is not quite as big as the idiff.jun for 0.03
mircea_popescu: someone should make a top of the weirdest trades on mpex
mircea_popescu: i guess someone will end up making a share transfer agreemend and end up unwinding most of the passthrough huh
mircea_popescu: you know smickles that icon really does make the bottle look like a dildo
mircea_popescu: Doffx i would imagine you can be delivered shares no ?
mircea_popescu: Dec 17 06:25:38 <mircea_popescu> lol i guess everyone can now book the 3 / 34 gain
mircea_popescu: then again, you thought they were too expensive when they were doing 20ish iirc.
mircea_popescu: OneFixt actually come to think about it, maybe that's what the guy selling s.dice down to 18 was doing