mircea_popescu: CIF is Cost, Insurance and Freight to named port.

mircea_popescu: FIS is the ancient "free in store", buyer pays custom duty if any.

mircea_popescu: "Seller pays for carriage to the terminal, except for costs related to import clearance, and assumes all risks up to the point that the goods are unloaded at the terminal."

mircea_popescu: dat is delivered to terminal

mircea_popescu: so. your delivery model is something like what exactly ? CIF ? DAT ? DAP (FIS) ?

mircea_popescu: im not even sure, he might have meant processed

mircea_popescu: no rush.

mircea_popescu: or more like DAT ? you don't clear customs/taxes do you

mircea_popescu: what, CIF any destination ?!

mircea_popescu: where does he pick up his cocoa ?

mircea_popescu: no, what i mean is. suppose X has 500 contracts to take delivery on

mircea_popescu: thestringpuller well, where'd it be distributed ?

mircea_popescu: ;;later tell bugpowder so it washes out.

mircea_popescu: ;;later tell bugpowder if you deposit 2.3btc today for the SEP and then as MAR rolls by the diff actually went way up like 9x, the new collateral is just 3x, but 3x the NEW price, which is 9x.

mircea_popescu: ;;later tell bugpowder there's an important point to consider in the discussion of X.IDIFF margins as the quarters roll by which we skipped over last time.

mircea_popescu: where ?

mircea_popescu: this'd be wonderful.

mircea_popescu: but do you have a cocoa warehouse ?!

mircea_popescu: most people who'd be competent enough to do it either don't want it because it'd likely be low volume to start or legal concerns

mircea_popescu: not really.

mircea_popescu: mpbor. and yes.

mircea_popescu: that's exactly how this works.

mircea_popescu: absolutely.

mircea_popescu: wait. smickles considers himself a mature ?! as in, old pornstar ?!

mircea_popescu: thestringpuller yea, lemme hear.

mircea_popescu: ty for pointing out :)

mircea_popescu: otherwise see http://trilema.com/2012/mpex-dedicated-domains/

mircea_popescu: (may take a little to propagate)

mircea_popescu: FabianB it was unrouted. fixed.

mircea_popescu: did the dns get frazzled ?

mircea_popescu: mm

mircea_popescu: lol

mircea_popescu: haha why you say ?

mircea_popescu: http://trilema.com/2012/mpex-and-the-hft-problem/ :D

mircea_popescu: actually, this is why mpex doesn't allow instacancellation of orders :)

mircea_popescu: this is quite the read.

mircea_popescu: http://www.zerohedge.com/news/2012-12-11/guest-post-five-minute-example-hft-shenanigans

mircea_popescu: it's one point that's been gained through experience so far, gpg is good.

mircea_popescu: in any event more use of pgp can not hurt the new exchanges.

mircea_popescu: oops.

mircea_popescu: a, right.

mircea_popescu: ukto too

mircea_popescu: iirc burnside was saying he'll get the twitter feed.

mircea_popescu: lol

mircea_popescu: there's options on s.dice ?

mircea_popescu: that is pretty cute.

mircea_popescu: http://www.buywithbtc.com/this-week-mpex.html

mircea_popescu: EskimoBob i was going to ask for a few bitcoins off pigeons to pay for it.

mircea_popescu: http://trilema.com/2012/mpex-dedicated-domains/ <<

mircea_popescu: lol da fuck ima find worms under 2 feet of snow

mircea_popescu: think i should throw it some bread ?

mircea_popescu: hey pigeons, there's a half frozen hungry desperate dieing pigeon in my yard.

mircea_popescu: thestringpuller lemme know.

mircea_popescu: anyway. im off for real. don't break anything!

mircea_popescu: lol

mircea_popescu: in btc ? that's like ^2. or 3.

mircea_popescu: irl people usually advise to buy and hold

mircea_popescu: so im definitely claiming firsts here.

mircea_popescu: not on this massive scale anyway.

mircea_popescu: there's never been an asset returning 10% a year IN BTC

mircea_popescu: but still.

mircea_popescu: a ok

mircea_popescu: 10% return ? in BTC ?

mircea_popescu: but at any rate, take the yearly ffigure : 32k, since april.

mircea_popescu: yes this month. the thing is, i think after the variousdebacles startying with pirate people were loath to dump the 100k it should have commanded.

mircea_popescu: i fail to see how that's correctly.

mircea_popescu: Bugpowder actually... they're making 5% a month ?

mircea_popescu: alrighty, too much excitement for one day. catch you all later!

mircea_popescu: crazy day.

mircea_popescu: lol

mircea_popescu: 10k traded today.

mircea_popescu: !ticker s.dice

mircea_popescu: Bugpowder i waswaiting for you to go online lol

mircea_popescu: need a clearinghouse.

mircea_popescu: 10 btc for 5 strokes ? wtf is this, 2009 ?

mircea_popescu: do they go on penis ?

mircea_popescu: fridge dood. it's called fridge

mircea_popescu: heh

mircea_popescu: virgin

mircea_popescu: and hp

mircea_popescu: lol

mircea_popescu: wb

mircea_popescu: he's on this side of the split

mircea_popescu: !ticker s.dice

mircea_popescu: whoa

mircea_popescu: netsplit

mircea_popescu: haha! i got assbot and all the split people can't see it.

mircea_popescu: maybe.

mircea_popescu: that may be an idea.

mircea_popescu: pigeons is this the mugmaking entreprise ?

mircea_popescu: i thought cocoa mostly comes from africa/ivory coast

mircea_popescu: those things suck

mircea_popescu: ouch

mircea_popescu: a

mircea_popescu: was it seriously macau ppl betting like crazy ?

mircea_popescu: current month tho. or are my figures off ?

mircea_popescu: in the way of omg wtf 15k+

mircea_popescu: evoorhees everyone's in awe of s.dice here :D

mircea_popescu: it's insanely hard cause of legal lockdown

mircea_popescu: thestringpuller i been trying to get futures with phys delivery for a year now