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mircea_popescu: it spun me around, i was -3k on puts now i think im more like +3k
mircea_popescu: mmm i think that's over 5k btc worth of puts for the day.
mircea_popescu: and pirate bonds, where you make more each month and lose most of your capital in three month intervals
mircea_popescu: miner bonds, where you make a little each month and lose 2x from your capital same month
mircea_popescu: i wonder what the fallout scenarios are if pirate is never heardfrom again.
mircea_popescu: i think people are getting real antsy about btc/usd atm
mircea_popescu: you'd expect people to divest pirate stuff move into nonpirate stuff
mircea_popescu: smickles that might work. tho i'd make it 3 or 6 months. time compression online.
mircea_popescu: As it turns out, the market severely overvalued the premium on pirate insurance. < ?!
mircea_popescu: NYAN.C and YARR should get 1 bitcoin back from our pirate investments <> Both of them have nothing to do with pirate
mircea_popescu: usagi : there's the school of thought that nobody hears from pirate again.
mircea_popescu: Starting today, I've lifted the referral only requirement to open a Savings account.
mircea_popescu: as if at that age there's other places and other girls.
mircea_popescu: this reminds me of the virgin kids in highschool. they had sex "elsewhere".
mircea_popescu: I’ve spoken with my clients over the last week and come to an agreement that would allow me to close down my operation within a week. Currently my reserve (operating wallets) are drained from fulfilling the withdraw spree that happened after the rate drop announcement. All withdraws at this point will be delayed until Monday when the shutdown process begins..
mircea_popescu: smickles someone bought them out and i think is trying to get people to buy in quickly and not read the contract.
mircea_popescu: now that he's out of the picture things might come back to some semblance of sanity.
mircea_popescu: where's bitcoin kruger to explain that the btc economy needs negative interest bonds
mircea_popescu: well, mpbor was ~5% on the last month, so i'd guess something like that.
mircea_popescu: or just go for a normal honest to god bond like in sanityland ?
mircea_popescu: smickles how do you convert your income to fixed return ?
mircea_popescu: smickles well, i was gonna say yest, are you tranching it ?
mircea_popescu: dude i tell you, if that guy ran a ponzi for ~1 year and manages to soft land it