log☇︎
45700+ entries in 0.107s
ThickAsThieves: it's okay, i see your take on it, and wanting to use hard numbers, but all i'm trying to do is get you to open the idea of finding a formula that is more likely to be useful in the current environment
ThickAsThieves: why does last settlement matter to anyone?
ThickAsThieves: nope
ThickAsThieves: previous = current now?
ThickAsThieves: so you make the minimum price the current diff
ThickAsThieves: sells them for 1 satishi
ThickAsThieves: no
ThickAsThieves: no
ThickAsThieves: then no one will buy
ThickAsThieves: underwriters chosen price
ThickAsThieves: and increments
ThickAsThieves: you can still limit close dates
ThickAsThieves: for example, you could say DIFF futures can be written at any price, but you must offer 125% collateral for potential profit of buyer
ThickAsThieves: ok, you need a NEW process
ThickAsThieves: if i asked him maybe
ThickAsThieves: they use a price that is reasonable, for a potential payout that is reasonable
ThickAsThieves: he has extra tits?
ThickAsThieves: then why do jurov's work fine?
ThickAsThieves: not quite
ThickAsThieves: lol
ThickAsThieves: at the core, what i'm syaing is, make them usable
ThickAsThieves: you did
ThickAsThieves: i never suggested that
ThickAsThieves: you are interpreting my solution as only a change in min collateral
ThickAsThieves: just feels stubborn to me, you could be offering a feature that people would use much more
ThickAsThieves: would you prefer the futures be useless all year?
ThickAsThieves: it's normal all year most likely
ThickAsThieves: there's lotsa room in the middle
ThickAsThieves: you are jumping to extremes
ThickAsThieves: rather than just on paper
ThickAsThieves: in the real world
ThickAsThieves: so my point is, change your system to one that works
ThickAsThieves: why offer options that are born to lose?
ThickAsThieves: do you agree that the odds of IDIFFJUN closing at any sort of profit are nigh impossible?
ThickAsThieves: so idiff June at 14mil is useless
ThickAsThieves: 8.5mil coming up
ThickAsThieves: ;;estimate
ThickAsThieves: because odds are that the diff will be much higher than your minimum payout
ThickAsThieves: okay but right now no one can offer a reasonable IDIFF for June right?
ThickAsThieves: you could have limits if you like
ThickAsThieves: like Jurov's
ThickAsThieves: then buyer decides value
ThickAsThieves: and disclose max payout
ThickAsThieves: and make offer below that
ThickAsThieves: i put up collateral for my max payout
ThickAsThieves: for example
ThickAsThieves: man=max
ThickAsThieves: i make one anytime i want for any amount, covered to any man payout i want
ThickAsThieves: as in,
ThickAsThieves: if the futures were simply offered under simpler terms at will, wouldnt that still work
ThickAsThieves: what i meant was
ThickAsThieves: 16mil times 2.9
ThickAsThieves: 46400000?
ThickAsThieves: Buy X.IDIFF.JUN 60 0.1375 -8.25
ThickAsThieves: lets use my example if possible
ThickAsThieves: sure
ThickAsThieves: i mean i understand it, but really i dont
ThickAsThieves: hehe
ThickAsThieves: :/
ThickAsThieves: si it's possible for me to sell at a price that has 0% of profit
ThickAsThieves: their*
ThickAsThieves: if i resell these at .15 and theyre original top is .139, what happens for the new buyer?
ThickAsThieves: they could simply be written as offer price, max payout price, with no relation to past settlements, no?
ThickAsThieves: it's probably also not a a matter of brain surgery
ThickAsThieves: oh i know
ThickAsThieves: not to mess with your craiglist approach to feature development or anything :P
ThickAsThieves: add a field for it?
ThickAsThieves: rather than a minimum
ThickAsThieves: if the top liability was disclosed it would allow for better offers as well
ThickAsThieves: yes, but my bull-in-china-shop approach to things doesn't jive with reading things closely sometimes :/
ThickAsThieves: top liability should be disclosed
ThickAsThieves: correct?
ThickAsThieves: for 2mos
ThickAsThieves: my max payout is potentially only 1.22% profit
ThickAsThieves: so now i'm stuck giving someone a cheap loan
ThickAsThieves: cuz i bougth june at 0.1375 yesterday
ThickAsThieves: that's a lil gay
ThickAsThieves: not current, but most recently settled
ThickAsThieves: oh
ThickAsThieves: so the JUNE would require 2.9x the sale price?
ThickAsThieves: if i buy at .13, top could be .131 then?
ThickAsThieves: is there a minimum % required?
ThickAsThieves: mircea_popescu, how do I know what the top payout is for an IDIFF I purchased?
ThickAsThieves: there it is
ThickAsThieves: $avg
ThickAsThieves: :/
ThickAsThieves: $avgpc
ThickAsThieves: about double from a week ago
ThickAsThieves: it's at 1.22USD right now
ThickAsThieves: if burnside doesnt move my ltc for 6+ hours again i will be a sad panda, unless of course the delay stops me from selling off too early
ThickAsThieves: 98.7
ThickAsThieves: ;;calc 98/(1-.226871)
ThickAsThieves: getting ready to break ATH
ThickAsThieves: youll be even richer, we know ;)
ThickAsThieves: https://data.mtgox.com/api/2/LTCUSD/money/ticker
ThickAsThieves: lol
ThickAsThieves: ;;estimate
ThickAsThieves: rising pretty briskly
ThickAsThieves: ;;bc,stats
ThickAsThieves: ;;ticker