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mircea_popescu: the thing is see, if bot trades 20k contracts it matters A LOT
mircea_popescu: it ALWAYS makes money for shareholders on the grounds it can never lose any.
mircea_popescu: well 1. you mean mpoe or the bot and 2. make money for whom ?
mircea_popescu: eventually you passively get all your capital back if the business sucks.
mircea_popescu: basically, bondholders asked for 9.9%. mpoe made enough to pay ~5%. the rest came out of their capital, as a sort of amortisation of a bizzare kind
mircea_popescu: by now mpex is obscure enough to warrant a fucking qualification
mircea_popescu: i think ima end up hiring free accounting support for random members of the public
mircea_popescu: smickles yeah i guess, but for one i'd end up with having to round interests.
mircea_popescu: smickles i really have to come up with a better accounting scheme for this, it confuses EVERYBODY
mircea_popescu: but because it used ~40k btc to insure its trades and they ended up auctioned for like 9.9%
mircea_popescu: well, take nov. the bot made about 2k btc trading about 20k each way.
mircea_popescu: thestringpuller the bot itself turning a profit and mpoe showing a profit are diff things
mircea_popescu: othwise futures markets fail to work, as icbit is on the verge of proving
mircea_popescu: smickles at the leves involved i would imagine this would simply count as contract sourcing.
mircea_popescu: well, futures are not commonly used for procurement irl, but that may be different for btc i guess
mircea_popescu: thestringpuller basically, you know what delivery costs, you know what you can buy cocoa for, so offer that
mircea_popescu: logically, a lawschool student incapable of drafting incorporation papers isn't able to graduate.
mircea_popescu: thestringpuller i fail to see the sense, if the cocoa isn't produced in the states why centralize it there ?
mircea_popescu: the mpoe bot is b-s tho. i don't imagine you need something like that if you have price and forecast inputs from the farmers.
mircea_popescu: <Diablo-D3> cant put that geanie back in the bottle <<< diablo scammed spelling.
mircea_popescu: step 1. become support manager + lead ops. step 2. ???. step 3. linode hacked.
mircea_popescu: Namjies so you plan on delisting it ? or do a sort of m/a thing ?
mircea_popescu: sooo, rg just announced in a private channel that bvps is undergoing a merger/sale/something.
mircea_popescu: Nov 17 19:57:25 <_Fireball> honestly, by reading your blog post, I see that you have little idea how futures exchanges work
mircea_popescu: Nov 17 19:58:23 <_Fireball> so, would you be a man and write an apology?
mircea_popescu: "o no, we are not bucket shop mpoe-pr speaks lies!1!11!"