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mircea_popescu: (you can make synthetic frns from a fixed-rate bond like you favour and a swap, you know)
mircea_popescu: btw, im curious if anyone owning mining bonds at any point ever owned a perpetual frn.
mircea_popescu: smickles especially a hosting that won't pull a linode
mircea_popescu: smickles maybe. i think it;s pretty close to that as it is.
mircea_popescu: what if the math model proves it could benefit from some tweaking ?
mircea_popescu: the issue here is tat most of fiat is rotten to the core and unusable.
mircea_popescu: which, probably, will be very contorted in fiat terms.
mircea_popescu: i believe we need to proceed deductively based on btc principles and come up with functional instruments
mircea_popescu: i don't believe we need to try and replicate fiat instruments in btc.
mircea_popescu: which is why most people send towards the end of a month.
mircea_popescu: if you send money on the 5th of august you can ask for it back on the 20th
mircea_popescu: well, not really. and any way you can't recall them during their current month.
mircea_popescu: is kakobrekla gonna start spuirting asset lines now ? :D
mircea_popescu: smickles this is already there, people can just notify they want their money back
mircea_popescu: but i have done my math and i think i am large enough to push this through.
mircea_popescu: in part because of scam assets like ppt, in part because the boneheaded idiots on the forum are playing ther citizen dentist
mircea_popescu: it never used more than 10k iirc, and i'm significantly above that, personally.
mircea_popescu: EskimoBob : again, i could easily just use my own capital to finance all of it.
mircea_popescu: the btc market is by its nature in a position where those liniar assumptions are harmful.
mircea_popescu: seeing how miner bonds trade at arround 30-35x their dividend and mpoe seems more like 300x
mircea_popescu: but i think a laeger share of the price is due to the company/prospects than to the direct dividend.
mircea_popescu: if i wanted to run mpoe as a private thing i could have continued to do so, indefinitely.
mircea_popescu: not holding on to money has at least the very good quality of reducing risk.
mircea_popescu: EskimoBob the way mpoe is set-up it's a 0 capital venture. it has no capital of its own.
mircea_popescu: it varies, atm i have written a lot of calls, others wrote a lot of puts.
mircea_popescu: copumpkin yeah buit companies have something to go on. i scarcely do.
mircea_popescu: how do i plan for the future when the very essence of this future is the unknown ?
mircea_popescu: how can i get capital for august 5 on august the 31st ?
mircea_popescu: man. i only need what capital i need in august on august the 31st
mircea_popescu: this is a big problem in btc cause it opens me up to being charged of various malfeasances.
mircea_popescu: copumpkin i actually am thinking of taking the 5% rate out completely, and let it freefloat.
mircea_popescu: and i don't want to, cause imo that's the main value of the entire thing, it allows me to have a mpbor
mircea_popescu: EskimoBob if either of those go i'd have to take out the "pick your own %"
mircea_popescu: copumpkin yeah, it's the #1 complaint i hear. but that's there to ensure competition tho