70900+ entries in 0.043s
mircea_popescu: to
the undying shame (of
the soi-dissant "banking system" foremost),
that
trade did not actually complete. but i daresay it did not complete because
third parties idiocy, not because
the auction mechanism.
mircea_popescu: "i have 8200 fiats which i'm willing
to wire, will
take at least 1 btc for it"
mircea_popescu: it's possibly not
the best
thing, and yes work
to better it is underway, but you seem
to me in
the position of
the fellow who is starving with cheese in hand for lack of steak.
trinque: this would look like an ideal position for pizarro, as you'd have far more of a sense in advance what fiat you may be able
to pick up.
mod6: Oh, I suppose it has
to be
the first way I linked
then 'eh?
trinque: mod6: you've got it backwards. in
this model I'd go list my available fiats alongside everybody else, is my understanding
a111: Logged on 2018-10-05 01:53 BingoBoingo: <mircea_popescu> afaik all you get is reverse auction (at a significant later date, once he's well done with rewriting
the whole
thing). <<
This is what I recall. Reverse auction denominated in ECU
mircea_popescu: you're in
this joining me, who's similarly not seen for a few months now.
mod6: I
think, we'd be fine doing
the reverse (if possible) of
the log I linked above. "BUYING 1000 USD for ECU".
mircea_popescu: all auctions must ~settle in something~. it is greatly beneficial
to have unique settlement, on
the basis of 100s of years of auctioning experiencve in
teh commercial world. just like lloyds will
trade in antique vases and modern soiled underpants, BUT ALWAYS SETTLE IT IN POUNDS, just so lobbesbot will deal in disgusting goop or unified dosidoes, but always settle in ecu.
mircea_popescu: notwithstanding
this doesn't seem
to actually be your position -- you do not in fact have
the option
to so wait, because you may not engage in
this course
that fucks over
the record keeping and advertising obligations you have.
mircea_popescu: for SOME REASON you seem
to be waiting for a (MUCH LATER) upgrade which would permit you
to advertise ~i want
to buy EXACTLY X fiats AND NO OTHER SUM NO MATTERE WHAT HAPPENS!!!~.
mircea_popescu: this, as far as i can
tell, is perfectly useful
to pizarro as
things stand now, and perfecly approachable
to everyone, and a permanent solution
to
the record and advertisement requirements people have.
a111: Logged on 2018-09-01 00:19 mod6: ah, i see, so for instance
trinque could say, "selling 4000 USD for ECU", exactly like yourself with
the last one
mircea_popescu: the way auction bot currently works, and has worked for 100s of auctions worth 10s of bitcoin, is
that any one party with some fiat, can say "i have
this much fiat and will let it go for no less
than
this much ecu".
mircea_popescu: it ~seems
to me~
this difference is not worth a postage stamp, if indeed i understand
the description of pizarro's situation mod6 is making correctly,
that is, "we have
trouble finding lots of fiat
to buy, not finding exact chunks".
mircea_popescu: what
this development buys you is NOT
that "i can now
trade fiats", but
that "i can now buy SPECIFIC lots of fiat, whereas before i was stuck bidding on whatever lots someone offered".
mircea_popescu: the way
the auction will work, is
that you will be able
to both sell and buy any one
thing you wish, also for ecu.
mircea_popescu: the way
the auction works, is
that you can currently sell any one
thing you wish, for ecu, which are
these account bitcoins.
mircea_popescu: asciilifeform i suspect what might've happened is
that ~everyone is waiting indefinitely for arbitrary and unexamined expectations
to be satisfied, and no public discussion available
to remedy
this.
mircea_popescu: i had formed
the impression
the main problem's finding lots, not cutting
them
to specified sizes.
mircea_popescu: to
translate
the difference between "i'm selling 8k fiats" and "i wish
to buy 8k fiats" ? is
the specificity of ammounts on pizarro side such a huge deal for you lot ?
trinque: maybe I hear jurov's bid and I say fuck it, my next month's btc purchase happens
today instead.
mod6: After for sure. I don't have
the exact date, but I'd say it was in
the last week of september -- I reached out
to a few people directly since I wasn't getting any
takers in either #pizarro or #trielam.
trinque: and it's not as
though I can't eat +-5%, but why, when learned folks have a process for narrowing
those kinds of gaps, and don't need a bot
to do it.
mircea_popescu: entirely not clear
to me what's blocking about
this. what's blocing about
this ?
BingoBoingo: <mircea_popescu> afaik all you get is reverse auction (at a significant later date, once he's well done with rewriting
the whole
thing). <<
This is what I recall. Reverse auction denominated in ECU
☟︎ mircea_popescu: afaik all you get is reverse auction (at a significant later date, once he's well done with rewriting
the whole
thing).
trinque: mod6: you did ask me in private, which I appreciate, but
that's not how I'd prefer
to do
this, as per all
the ^
a111: Logged on 2018-09-01 00:13 mod6: i'm just saying, doing it 'botless'. like I say, "this auction is open for 72 hours, closes on X date at X
time. Selling 1 BTC for USD. Winner of auction sends whatever wires seller specifies."
mircea_popescu: so if jurov has a chunk of fiat, he can offer it and pizarro can bid and i guess
trinque could bid more if he wanted
to.
this is dysfunctional ?
mircea_popescu: i dunno why
this
thing with
the bot seems
to satisfy me only. is it
truly impossible
to sell chunks of fiat for some reason ?
mod6: We needed
to get
the ball rolling here, I went with it. I did ask you if you wanted
to buy some, but you declined.
BingoBoingo: <asciilifeform> BingoBoingo, mod6 :
trinque is entirely right , bids oughta be open strictly. << Open bidding going forward. Bot or no bot.
trinque: gotta let
the money work neh?
trinque: I would've preferred
to know of jurov's bid, so I could counter
trinque: if
this is working for you just fine, keep it.
a111: Logged on 2018-09-17 19:04 mod6: Also folks, Pizarro needs
to purchase some fiat, so if you're interested, can start up an auction if you like, or can do WU or whatever. Minimum $500, please. Let us know if interested.
BingoBoingo: <asciilifeform> BingoBoingo: aside from
the problem where mod6 proclaimed one on 17th and nobody came forward <<
This is a problem
BingoBoingo: asciilifeform: Hand cranked auction has long history of being a
thing
a111: Logged on 2018-09-28 16:30 mod6: We still need fiat, any
takers?
a111: Logged on 2018-09-23 01:43 mod6: Pizarro is looking
to purchase some fiat for next month. Please reach out
to me if you would like
to sell some dollars!
Thanks in advance.
a111: Logged on 2018-09-17 19:04 mod6: Also folks, Pizarro needs
to purchase some fiat, so if you're interested, can start up an auction if you like, or can do WU or whatever. Minimum $500, please. Let us know if interested.
trinque has an extremely heavy meatspace life, but checks in every
time he can
mircea_popescu: in fairness
to jurov (whom, knowing
the man, i can readily believe
took a fx beating), wouldn't his implicit donation deserve
the implicit recognition ?
trinque: I could've weighed
the decision
to buy against your discount, which would've put you in a better position
than your deal with jurov, and meanwhile saved you from
the perception
that you're not all
that clued in on what
the forum does.
mod6: I'm sorry, I was just acting
to do what I
thought was best for Pizarro and it's customers. I seem
to be getting it wrong, somehow.
trinque: what's with
the angular responses? just do business here in
the forum where it belongs.
mod6: I apologize
trinque.
mod6: I will back away from all of
this going forward. I'll let BingoBoingo handle
this.
mircea_popescu: how do i lean on him, "trinque, stick with
the republican isp!" "but mp, LOOK WHAT
THEY DID
TO MY BABY!". what do i say at
that juncture ?
trinque: and notice
that I don't, because wtf?
mircea_popescu: if you do manage
to lose his custom,
that's what, 1/3 of your income ?
mod6: I actually didn't
think it was any big deal, as previous months I had made
these deals behind closed doors with jurov as wel.
☟︎ mircea_popescu: you had no options other
than
to keep
things quiet
that you knew sooner or later will have
to make public and also knew
the people you'll make
them public
to will
take a dim view of your keeping
them secret ?
mod6: I'd love
to do
this a different way. I just felt like, other
than alf spending money
that he had saved for a possible emergency
trip, we didn't have a lot of other options.
mircea_popescu: is
there some advantage i'm not seeing
to
the approach ?
mod6: Since we were getting a bit desperate
to get some fiat purchased, I offered
to him
to send
the coins first, and he could mitigate
that FX risk. We worked out
the details in a PGP.
mod6: Last few months, jurov
took a heavy hit on FX when he would quote us, send
the wires, and
then we would finally send him
the coins at
the end. He also was apparently butting up against some possible fiat limits.
mircea_popescu: mod6 is
the idea jurov could not have done what i did,
http://btcbase.org/log/2018-07-27#1837995 specifically, because... what is it, he's decided not
to speak in channel anymore and you had
tjhe option of either forcing
the point or getting
the dough ? or is
this just
terribly mismanaged altogether, or what ?
☝︎ trinque: you came
to a price point with jurov where?
mod6: It was not pulled out of our "asses". We had a difficult
time finding
takers
to sell us fiat
this month. Late in
the game, we came
to a price point with jurov.
This was
the quoted amount.