mircea_popescu: smickles i really have to come up with a better accounting scheme for this, it confuses EVERYBODY

mircea_popescu: ...

mircea_popescu: yea

mircea_popescu: it ended up paying 4k in interest, so mpoe showed a -

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: due to the cost of capital involved.

mircea_popescu: thestringpuller the bot itself turning a profit and mpoe showing a profit are diff things

mircea_popescu: it's where i always find mine

mircea_popescu: look under bed

mircea_popescu: hehe yeah. addy ?

mircea_popescu: nope

mircea_popescu: so flash contest : first to correctly identify the money in the clip gets 0.1337 btc. http://trilema.com/2010/portret-al-artistului-la-tinerete/

mircea_popescu: othwise futures markets fail to work, as icbit is on the verge of proving

mircea_popescu: it makes prices be provably fair

mircea_popescu: but btc is often paradoxical.

mircea_popescu: i have no idea. irl futures rarely deliver

mircea_popescu: smickles at the leves involved i would imagine this would simply count as contract sourcing.

mircea_popescu: yes ?

mircea_popescu: wtf ?!

mircea_popescu: the national football association !?

mircea_popescu: well, futures are not commonly used for procurement irl, but that may be different for btc i guess

mircea_popescu: no magic involved

mircea_popescu: and offer to buy at a spread under

mircea_popescu: thestringpuller basically, you know what delivery costs, you know what you can buy cocoa for, so offer that

mircea_popescu: sure, just not ususally done

mircea_popescu: like a doctor that can't feel tits.

mircea_popescu: in any country.

mircea_popescu: logically, a lawschool student incapable of drafting incorporation papers isn't able to graduate.

mircea_popescu: hire a local lawyer you'reset.

mircea_popescu: you can make a corp in any country wth.

mircea_popescu: so ?

mircea_popescu: why ?

mircea_popescu: kinda dubious criteria

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: that'd prolly work.

mircea_popescu: lol. they smell it anyway

mircea_popescu: lol k

mircea_popescu: seems cheaper than overthrowing a government

mircea_popescu: why exactly wouldn't you pay taxes ?

mircea_popescu: i have no idea.

mircea_popescu: sure

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: hey.

mircea_popescu: ew

mircea_popescu: "all my morons quit on me. wanna become one ? "

mircea_popescu: be in the shadows, fucking their routing :D

mircea_popescu: not you, them lol

mircea_popescu: aha. and you continue ops at current facilities ?

mircea_popescu: Namjies so you plan on delisting it ? or do a sort of m/a thing ?

mircea_popescu: aha cool.

mircea_popescu: announcements imminent he says.

mircea_popescu: sooo, rg just announced in a private channel that bvps is undergoing a merger/sale/something.

mircea_popescu: lol

mircea_popescu: clipse guy's name was actually ROELOFSE ?!

mircea_popescu: wait. waitwait.

mircea_popescu: actually...

mircea_popescu: TRANSCRIBE ALL THE YOUTUBES!!1

mircea_popescu: lol

mircea_popescu: etc.

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: one of the reasons i love irc is the logs.

mircea_popescu: Nov 17 19:58:23 <_Fireball> so, would you be a man and write an apology?

mircea_popescu: "mysterious manipulator" my foot.

mircea_popescu: they should pay out THEN close the shop.

mircea_popescu: two weeks later...

mircea_popescu: "o no, we are not bucket shop mpoe-pr speaks lies!1!11!"

mircea_popescu: hehe cool

mircea_popescu: and it tells you where to send and how much.

mircea_popescu: and you go DEPOSIT|50 for instance

mircea_popescu: rbenzaquen well if you signed the key it should be ok.

mircea_popescu: aha

mircea_popescu: surely.

mircea_popescu: no problem

mircea_popescu: you do and that's it.

mircea_popescu: say you want to deposit 100 btc. it says "deposit 100.48973984 BTC"

mircea_popescu: you send that sum to exchange address

mircea_popescu: there's a special DEPOSIT order which tells you a sum

mircea_popescu: what do you mean by "BTC public key" ?

mircea_popescu: http://www.madboa.com/geek/gpg-quickstart/ see that.

mircea_popescu: yes, you generate a public/private keypair. one second

mircea_popescu: rbenzaquen this place works. what's the problem ?

mircea_popescu: i think we take this to pm

mircea_popescu: when the time comes, everything outstanding you deliver.

mircea_popescu: you sell them for as much as you want

mircea_popescu: nono, you as the settler get the contracts.

mircea_popescu: we're not discussing any volume yet, haven't gotten to that

mircea_popescu: why ?

mircea_popescu: well, if beneficiary fails to state you don't deliver.

mircea_popescu: yeah.

mircea_popescu: 3. you execute within a fixed timeframe, possibly for a fee.

mircea_popescu: 2. people on the list send you signed messages stating disposition of their cocoa

mircea_popescu: 1. upon settlement date all held contracts are to be delivered, mpex prepares list of fingerprints and amounts, signs the list and sends it to you.

mircea_popescu: well this normally works the following way :

mircea_popescu: thestringpuller well this is certainly interesting. what fee would you need for delivery and what min/max volumes ?

mircea_popescu: aha.

mircea_popescu: but incidentally, what exact cocoa is this ? bean ? processed ? powder ? what specs ?

mircea_popescu: yes.