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mircea_popescu: (tho i could have said it makes zero sense to put charts behind a pw)
mircea_popescu: i understand _why_ you do it this way, if you said 40 BTC/day it would look poor but honest, but anyway.
mircea_popescu: volume is reported by a fixed time interval. like a month, or a day.
mircea_popescu: _Fireball it makes zero sense because a. it's not clear if you mean per day, week month, year
mircea_popescu: an easy mistake to make, everyone thinks his kids are the smartest.
mircea_popescu: i think he just got blindsided. he thought bfl is the greatest business in btc
mircea_popescu: but whether it does or it doesn't isn't really relevant
mircea_popescu: it possibly gives you a profit through the mechanism delineated at the end of the article,
mircea_popescu: then do some fake trading, then reopen the book 10 seconds after 20:00
mircea_popescu: not really. the allegation is that you close the book for customers at 30 seconds before 20:00
mircea_popescu: but if one suspects that the sellout happening just before closing is not legitimate
mircea_popescu: this would naturally lead to an inference against your site.
mircea_popescu: but again, the point of most concern is that on the 15th the book was closed to some participants, but not others.
mircea_popescu: whether my position was closed or not is besides the point. the part of the article you're discussing is refering the mechanics of the thing, not my own position.
mircea_popescu: monday someone deposits 100 btc, price is 10. they buy 5000 contracts (cause of 5x margin)
mircea_popescu: that has little impact. yes, you only change it 10% a day.
mircea_popescu: the 100 btc deposited are not enough, are the contracts closed or no ?
mircea_popescu: let's work in more detail. usd/btc is 10.0. someone deposits 100 btc. with margin, buys 500 contracts at a price of 10
mircea_popescu: but in the example i gave there would not be enough money in the account.
mircea_popescu: um. so suppose someone buys 1000 contracts at 10, deposits enough margin for just this
mircea_popescu: 15NOV12 19:59 At 30 seconds until close, I saw the expected sell order. It was larger than I had expected, leaving about 450 contracts on the book at 10.025. Notwithstanding the fact that his order would not overcome this, I dutifully placed the order Mircea had asked me too.
mircea_popescu: the point of most concern is smickles' report that he could not place bids
mircea_popescu: a, welcome to the pit. so what exactly is the story with icbit ?
mircea_popescu: kuzetsa in truth tho, after a product matures, guarding against feature creep is the main responsibility of the maintainer.
mircea_popescu: if anyone is into judicialspotting : www.judicialhellholes.org%2Fwp-content%2Fuploads%2F2011%2F12%2FJudicial-Hellholes-2011.pdf
mircea_popescu: if it's la plus fresh air then that'd mean bucharest has fresh air. quite the contrary
mircea_popescu: stylistically this implies that compared to bucharest, la has fresh air going for it.
mircea_popescu: apparently the difference is lost on most of the population.
mircea_popescu: kakobrekla yeah, bfl pays forum ppl to put them in the signature. i pay forum ppl to put "fuck you sec" in their signature.
mircea_popescu: inaba sitting around explaining how he doesn't have to learn to use the wot
mircea_popescu: it did deliver it's weight in lulz tho, did you see that croppo guy go ?
mircea_popescu: is bitcoin bereft of literary talent! are you all stifs!
mircea_popescu: no nm, you're right, there are cliffs around 48 and 52
mircea_popescu: course now looking at it, i don't understand the depth
mircea_popescu: maybe just a 1 day 7 day 30 day 365 day set of buttons