522100+ entries in 2.71s
mike_c: like what
the order book looked like across
time
mike_c: at least not more
than a couple
time
mike_c: in reality, nobody can reliably
turn x into 2x.
mike_c: maybe
they not only are reading
this,
they are writing it! :)
ben_vulpes: and how'd you know
that, asciilifeform?
mike_c: if you have 3 btc, and you just doubled it
to 6 in
the recent qntra surge, you probably are quite happy with yourself.
danielpbarron: asciilifeform's got a good point
though, with such little amounts you aren't going
to move
the market -- might as well just pretend
trade in a
txt file
☟︎ mike_c: there's nothing wrong with
taking a few btc and playing around on coinbr as a way
to learn more about btc finance world.
mike_c: people call charles schwab, not NYSE, when
they have a problem.
mike_c: that's
the point of coinbr
though.
they pay jurov for
the right
to harrass him
felipelalli: aahahah, I allow. He can make fractional reserve. If
this pay my fee.
jurov: thestringpuller
that's exactly what i do have in mind
☟︎ felipelalli: jurov:
the point is
that I don't want
to "trade online", I don't have
time for
that. I just want
to buy MPEx or QNTRA for example and let
there, sleeping.
felipelalli: danielpbarron: it isn't $ 10, it was just an exaggeration. I guess I have more
than $ 100
there.
jurov: felipelalli: but really, you'd give up your ability
to
trade online for such "free account"?
BingoBoingo: asciilifeform: Or simply selling access
to his proxy for a fixed price option. Maybe in
the range of 5-20% of what
the mpex account costs, so still an intege BTC price in
this hypothetical.
danielpbarron: or else every "homo reddicus" with $10 will end up spamming
the orderbook
jurov: don't worry, when i finally implement
these loans, i'll start nagging
danielpbarron: i'd hate
to see
things get
too user friendly up in here :p
felipelalli: mike_c: yes. now I
think jurov is
too much nice. :D
BingoBoingo doesn't see why jurov shouldn't get paid for "fire and forget" Could be a one
time fee much larger
than
the monthly fee.
felipelalli: that would be great. But $5 / mo worth it, I
thought it was more expensive, don't know why. I'll continue
to pay
that even without big investments yet.
thestringpuller: asciilifeform: well I keep my private key in a back up in a
tube up my but
jurov: anyway i plan
the possiblity
to loan everything
to coinbr, with dividend payments directly
to your address
felipelalli: well!
That's why I am saying I cannot play yet! :) I'm investing hard in my business, I can't invest hard in MPEx assets yet right now.
jurov: it's what you do with fiat assets?
to ask broker
to manage $10 woth of
them?
jurov: not yet. unpaid fees just accumulate, not even
that if you get any dividends
felipelalli: So, it is fun
to play in MPEx and CoinBR only if you are really rich! :) Not my case right now, yet.
jurov: are
these bitcents really such a problem?
felipelalli: Thank you jurov! :) So,
the only way
to "pause"
the fees when our account is kind of inactive is selling all assets and removing
the account? Is it possible
to remove an account and keep
the assets?
jurov: i could not be arsed
to do it yet
jurov: felipelalli: About coinbr.com, what happens if my account stay negative "forever"? << eventually coinbr will ask you
to cover
the unpaid fees, otherwise some assets get liquidated in, say, 12 months
danielpbarron: well
they aren't paying
their electric bills directly in bitcoin.. yet
gribble: Bitfinex BTCUSD
ticker | Best bid: 270.25, Best ask: 270.46, Bid-ask spread: 0.21000, Last
trade: 270.47, 24 hour volume: 55311.03169349, 24 hour low: 262.0, 24 hour high: 275.0, 24 hour vwap: None
mike_c: like KNC is underreporting
their sales?
mike_c: "nothing whatsoever". If hash power goes up by an order of magnitude more
than
the output of
the minig rig manufacturers, something is known.
mike_c: as has been more or less proven in here before,
the big miners aren't buying KNC/bitmain/whoever rigs.
mike_c: others say
that
the big miners don't have
to worry about paying electricity bills..
danielpbarron: what is a clean coin? i
thought
there is no
taint in bitcoin
mike_c: that depends on who you ask. some will say
that miners mine specifically
to get nice clean coins and aren't selling
to pay bills.
danielpbarron: aren't
there 3.6k coins found every day
that need
to find a new home or else a miner can't pay his electricity bill?
mike_c: depends on how much other demand
there is
mike_c: then
the absence of
that demand would suppress
the price. whether
this leads
to flat, falling, or only "not rising as much" price
mike_c: the price drops as supply exceeds demand (in a macro sense). if you believe
that draper, silbert, etc. represented demand, and
that
the demand would have eventually made its way
to
the exchanges even if not directly
mike_c: the auctions are siphoning off demand
that could otherwise show up on some exchange. and while
the exchanges don't move in perfect
tandem,
they do move close unless something is wrong.
thestringpuller: asciilifeform: given
the FDIC-like insurance scheme enemy is planning, i would
think it probably
there is some ability
to forcefully liquidate funds against
trader's wills (at least smaller ones)
mike_c: asciilifeform:
the price suppression comes because when someone wants x
thousand coins
they have
this avenue. where otherwise
they would be harder/more expensive
to obtain.
mike_c: price suppression doesn't mean
they are selling fake coins, it would be
the same if
they were selling real coins.
mike_c: seems
there ought
to be some reasonable blockchain evidence one way or
the other. don't we know
the ulbricht address in question?
☟︎☟︎ thestringpuller: mike_c: price suppression is basis, but maybe
there is more strategy
to it?
thestringpuller: winning bidder says, "Oh i received coins." with gun at head in background from USG suit and
tie
mike_c: i understand
the
theory :) I don't get
the basis.
☟︎ mike_c: There isn't much doubt
that
they
took ulbricht's coins, right?
☟︎ thestringpuller: mike_c:
they don't sell coins.
they make you
think
they are selling coins.