mircea_popescu: with 1k btc i could do 10mn usd ?

mircea_popescu: well i guess this will need to be fleshed out more then.

mircea_popescu: ok, so what's the answer ?

mircea_popescu: dude. read what i said.

mircea_popescu: yes.

mircea_popescu: from where does the extra 100 btc come from ?

mircea_popescu: mk, so let's see here. suppose i deposit 100 btc. at that time btc is 100 yen. i trade for yen, get 10k. a week later, btc is 50 yen. i trade back get 200 btc. now i withdraw. you pay me 200btc

mircea_popescu: well so why exactly do you associate your name with what seems a somewhat dubious proposition ?

mircea_popescu: so its bitcoinica rehash.

mircea_popescu: im pretty sure the doods that traded stocks with you are the ones with the house in the caymans

mircea_popescu: o, he learned something yet ?

mircea_popescu: a well, they say no lesson is worth anything unless you have a missing eye to show for it.

mircea_popescu: because "who knows".

mircea_popescu: i wonder how many speculators had bought it at .1

mircea_popescu: you know minors are illegal in most states.

mircea_popescu: go down in history as "the guy who destroyed the banks" ? what are you jefferson ?

mircea_popescu: well it wouldn't be hilarious if YOU were president.

mircea_popescu: ahaha Diablo-D3 is evil.

mircea_popescu: BTC-Mining :p

mircea_popescu: aha! ty.

mircea_popescu: i see a .01 but not a .02. BTC-Mining! whar is my dough! kneecaps!

mircea_popescu: <mircea_popescu> 1GG36DGeSYrZULtRTRoZwqMSupKtLeBjjF <<< donations accepted.

mircea_popescu: smickles ^^

mircea_popescu: no, actually, teeny jew chicks are great fucks.

mircea_popescu: lol

mircea_popescu: real gold is expensive to maintain.

mircea_popescu: btc/usd went -50% then +40% in 4 days.

mircea_popescu: Enky> volatility of eur/usd is 1/50 maybe of btc/usd: <<< more than that.

mircea_popescu: and yes Diablo-D3, a chick has.

mircea_popescu: geee, i made money while sleeping!

mircea_popescu: 1GG36DGeSYrZULtRTRoZwqMSupKtLeBjjF <<< donations accepted.

mircea_popescu: and anyway! let's not deviate from the main topic! who won the poker tourney ?

mircea_popescu: lol how do you know that ?

mircea_popescu: BTC-Mining well that's why i say can't be the whole story.

mircea_popescu: i guess lol

mircea_popescu: very tracherous market, easy enough to gain a false sense of confidence.

mircea_popescu: smickles funny thing is, it had done ok the first coupla months.

mircea_popescu: this doesn't sound like the whole story.

mircea_popescu: well i kinda fell in the middle of a discussion i dunno.

mircea_popescu: ie, making a loss each month.

mircea_popescu: as the sums grow i imagine it'd end up as bitcoinica.

mircea_popescu: BTC-Mining if he imediately trades (ie, customer buys btc on platform, platform buys btc on mtgox, and vice-versa) and the sums are small enough it should be ok

mircea_popescu: significant losses. and when i say "large player" i mean 10's of k's.

mircea_popescu: last month.

mircea_popescu: if anyone cares, an attempt at btc / difficulty option nearly took a large player out.

mircea_popescu: hm. well that could be risky.

mircea_popescu: what are you folks discussing anyway ?

mircea_popescu: everything has a cost.

mircea_popescu: it has 3-4 good case studies well documented.

mircea_popescu: http://polimedia.us/btcf/viewtopic.php?f=8&t=10 i strongly recomend this thread

mircea_popescu: well yes.

mircea_popescu: then if price fluctuates you make back btc so that your usd value stays fixed.

mircea_popescu: BTC-Mining well part of your btc would be in options.

mircea_popescu: sooo, how's the poker boys ? BTC-Mining ? smickles ?

mircea_popescu: im off to bed. gl boyz

mircea_popescu: last month volume was ~100k contracts, you can look it up in the monthly report http://trilema.com/2012/mpoe-rezultate-august-2012/#comment-88317

mircea_popescu: this precludes any LEAPs or such.

mircea_popescu: btc can and has dropped and gained 50-60% in a few days.

mircea_popescu: not a problem of volume as much as volatility.

mircea_popescu: december will be N starting on the 27th of october.

mircea_popescu: and no, no december. only current and next month.

mircea_popescu: next month 26th.

mircea_popescu: cause of N at the end

mircea_popescu: next month.

mircea_popescu: all T expire last Friday of current month (28th). all N expire last Friday of next month (oct 26th)

mircea_popescu: you can sell it at any time anyway, the bot quotes.

mircea_popescu: us.

mircea_popescu: there's the mpoe bot which takes your other side.

mircea_popescu: all mpex is btc-only. no usd anywhere.

mircea_popescu: yes.

mircea_popescu: it costs you about 6.6 cents.

mircea_popescu: .py 10.931 * 0.00608060

mircea_popescu: ;;ticker

mircea_popescu: this means it costs you

mircea_popescu: O.BTCUSD.C200N is 0.00608060 ask and 0.14836642 buy

mircea_popescu: papaso each option stands for 1 btc and is priced in btc.

mircea_popescu: usd 20

mircea_popescu: BTC-Mining what do you mean "in one go" ?

mircea_popescu: i guess the power of lisp is a scary thing to behold. just you wait till i grow a little and start doing 100s of trades a minute

mircea_popescu: <kakobrekla> is something stuck <<< i love this line

mircea_popescu: so why ruin it.

mircea_popescu: does it have ac ?

mircea_popescu: how's the world's apartment like ?

mircea_popescu: lol srsly ?

mircea_popescu: most 2yos think they run the world too.

mircea_popescu: right.

mircea_popescu: lol. get off.

mircea_popescu: myea.

mircea_popescu: that's what my 2 bitcents is on anyway

mircea_popescu: maybe it was just a case of rogue state trying to abuse the process of law to kidnap foreign nationals

mircea_popescu: he didn't rape anybody.

mircea_popescu: lmao a loser is sweden.

mircea_popescu: Sweden drops Assange rape charge

mircea_popescu: when you got kegels ?

mircea_popescu: lol

mircea_popescu: as in, aparel you pay in btc

mircea_popescu: hm, does anyone make btc aparel ?

mircea_popescu: o o o yes hehe, a cap!

mircea_popescu: BTC-Mining what you mean cap ?

mircea_popescu: well good luck to both of ya.