log☇︎
77100+ entries in 1.053s
mircea_popescu: i mean saying its purpose is to measure commerce / act as medium of exchange etc is one thing
mircea_popescu: also if you use diarhea as a standard
Diablo-D3: if you use USD as the golden standard, Bitcoin is the worst possible currency you could create
bgupta: mircea_popescu: As long as the price remains so unstable it's going to be challenged as a day to day currency.
dub: to fully disclose I held a great many more DMC shares for short periods as I assisted in destroying their value
Luke-Jr: but I'm busy as heck
Diablo-D3: Luke-Jr: and you're asking me after the third dividend payment sent to DMC shareholders as well
Luke-Jr: so it's Diablo-D3's fault, as I suspected
smickles: as it is now, i have that risk, and it's still unquantifiable :o
mircea_popescu: except tv dinners aren't really just as good as actual food.
mircea_popescu: "by buying tv dinners which are just as good as actual food, i only pay $5 instead of $50!!11"
mircea_popescu: they will basically spend 2x to buy some ersatz of anything just as long as it's niominally cheaper.
mircea_popescu: <smickles> one could've seen this recent loss coming before anyone else, and not been able to do anything about it << of fucking course. that is the point of it, you have to actually provide the service, as a bondholder.
jurov: Since MPOE options can provide roughly 5x leverage as MP wrote
jurov: still i don't get it. MPOE is obliged to pay out exercises, not "as it sees fit"
mod6: as smickles said
_aeon: instawallet fubar or they move it all the cold storage as defense mechanism\
mircea_popescu: We have detected a security breach. Services are temporarily suspended until we have thoroughly investigated the situation. We will resume services as soon as possible.
mircea_popescu: pgp ya well the old pos doesn't work (as detailed in http://trilema.com/2013/bitcoind-not-quite-ready-for-prime-time/ )
mircea_popescu: as btc went from 20 to 100 s.dice lost like what, 50-60% ?
podizzle: i dont understand how would i make a donation if any transfer is counted as a bet should i make it 1.005 and its assumed the .005 is a tip?
mircea_popescu: a reading including batch two is nonsensical as batch two wasn't even slated for delivery till apr 5
jurov: cuz i have 90 connections now and none of them is blockchain.info (it sees my txs as arriving from around the world)
mircea_popescu: jborkl there'd be no way to knopw as a peer
mircea_popescu: yes but as we get into the hundreds we're markedly less decentralised than visa.
Bugpowdurr: default is tried as a juviy at 18
jborkl: well, taxes not 100% sure- you can be tried as a adult at 17
Bugpowdurr: iirc if you are claimed as a dependent, you cannot take your personal exemption, but your income is still taxed as your own income. But there may be multiple ways to skin that cat.
thestringpuller: as smickles could attest to
microhxo: as long as he can get in today
mircea_popescu: as a retail buyer
mircea_popescu: obviously it was going to get kicked back as soon as it went over 100
mircea_popescu: this is liable to be correct for as long as mining is still immature obviously.
ThickAsThieves: use two settlements as data points
mircea_popescu: ya, see, this doesn't work as an approach. i mean it's prolly fine in middle school or w/e, but i'm not 14.
mircea_popescu: or in other words : my insistence in implementing correct designs or nothing at all, and decentralisations such as these may make me look like an idiot today
jurov: as as a someone who tried to "evangelize" MPEx i think i know why
ThickAsThieves: you are interpreting my solution as only a change in min collateral
mircea_popescu: jurov dividends are shown as the sum of div transactions in mpex.
mircea_popescu: i'm not increasing collateral maargin for the simple reason that even as it is underwriting is dismal.
ThickAsThieves: as in,
mircea_popescu: as collateral, to create one i mean.
mircea_popescu: if you create one X.IDIFF.MAR future, you will have to pay 2.9**4*.07 as collateral.
mircea_popescu: as long as someone accepts it
ThickAsThieves: they could simply be written as offer price, max payout price, with no relation to past settlements, no?
ThickAsThieves: if the top liability was disclosed it would allow for better offers as well
mircea_popescu: Unlike other futures X.IDIFF.* will require 2.9x the difficulty at last settlement for each quarter out, so for instance if traded in January 2013 X.IDIFF.MAR will require 0.097735278 BTC per contract as collateral whereas X.IDIFF.DEC will require 2.383665695 BTC per contract as collateral (all numeric examples based on 3370182 as last settlement difficulty value).
mircea_popescu: pgp there is no such thing as "money laundering".
KRS1: yeah..its been used as that since day 1 prolly
KRS1: i dont think it can be used as money..how would the transactions keep up at that rate..ex. transactional data from just amex alone would choke the network
Bugpowder: as if Grigory gives 1 shit about the real world...
ChaangNoi: i have two bots in the truck as well but its very hot now
Bugpowder: as I suspected...
icyhot: then you're typically addressed as 'mircea'?
MJR_III: using varius connection level media such as websockets etc
Diablo-D3: jurov: might buy it as a tape storage vault, really
Diablo-D3: kakobrekla: seeing as DMC is shutting down to fix the problem nefario caused, nope.
jurov: such as?
smickles: whereas, if you didn't inflate the money, people would not spend as much or as fast, and the downturn would get significantly worse
thestringpuller: http://en.wikipedia.org/wiki/List_of_bank_runs - it's almost as funny as reading about Action Park
damientrog: or are options traded amongst the market as well?
Bugpowder: damientrog: You don't necessarily get a better return by buying early. There is a time * volatility premium built into the mpoebot's pricing model, that decays as expiration approaches. Typically the way you can get the highest leverage and returns are when buying options just before expiration followed by a big move
nanotube: smickles: well, bc,24hprc was from bitcoincharts, as is avgprc. same datafeed
Bugpowder: I have made about as much in bitcoins as I have in my entire career as a scientist (true story)
smickles: eve as a fraud, he would't have to fake it
mircea_popescu: and just assumes it as a given
mircea_popescu: as long as there's X btc in circulation, cX will need to be hedged one way or another.
jurov: *if you use it as wallet
mircea_popescu: (the exact way is left as an exercise to the user, seeing how depending on how you do it you get diff results)
KRS1: thats low as far as im understanding it and not bad either
mircea_popescu: it's moot practically as they're not listed, but since we're discussing theory.
benkay: so it behaves as just another trader?
benkay: no as in like wtf is it actually doing
mircea_popescu: benkay up to as in how you mean ?
mircea_popescu: mpex does offer stocks, but that's not under discussion here. as for the derivative trade, ie options, these are a different market from the underlying.
jurov: as well as mpoe dividend
thestrin1puller: I've used the same model for some of my real life ventures, it's a very good model in that you view capital as "equipment"
mircea_popescu: as in, i don't set a %, i just take whatever the max was
thestrin1puller: as a last resort though
mircea_popescu: Bugpowder the issue is that people make assumption based on the algo as is
greenglue: so the others have fees as well?
greenglue: such as...
ThickAsThieves: could use email addy's as referral system
mircea_popescu: wait. og as in, the ognasty club guy ?
smickles: mircea_popescu: why does it show on mpex.co as C89T?
MJR_III: but my point is that as far as i know there is no device with unlimited capacity
MJR_III: exactly, its just a simple authenticator which serves as a gatekeeper before you connect
Troic: pool of IPs on different AS, that is expensive, at least you can shut the account down :)
jurov: as you issued the yubikey
MJR_III: but since your auth is changing the same way as their client
MJR_III: as far as i know
jurov: seems i did convince you as well
Bugpowder: I bet a 1MM bid moves any midcap stock at least as much
thestringpuller: that will change as price increases
jurov: and all btc coins aren't equal too, as anyone who tried to spend new satoshidice outputs can attest
jurov: and only older coins can be used as proof of stake to mine
jurov: but you can't use them as a proof of stake tomine
MJR_III: as with all the others i doubt it will gain the momentum it needs
jurov: that was mentioned too that he considers inflation as consequence of 2nd thermodynamic law and thus it should be allowed
MJR_III: while i rate all other cryptocurrencies chances as around 1% might be worth it to hold a basket of all of them, just in case