780300+ entries in 0.524s
herbijudlestoids: i
tried it anyway,
to keep an open mind because maybe i am missing some concept... but i dont
think i am.
herbijudlestoids: this all started because mircea_popescu asked if i would be his "ATC daytrader on openex" because i mentioned having put on a small cascade of limit sells last night...and i said i didnt
think
there was anything
to
the market except
the potential for MM
herbijudlestoids: mike_c: yall seem convinced
that you have
taught me some kind of lesson...or
that im learning it...or whatever...all i can see is approx what i said would happen if undercapitalised, happened. i dont really
take any exception
to it happening, but
to
the idea
that
there was some kind of inherent lesson, or some point, whatever... i dont see it
mircea_popescu: and generally,
the ideology surrounding bitcoin is
that
these
two are irreconciliable, and
the 2nd is wrong.
mircea_popescu: meanwhile obama did very poorly
trying
to "restart
the economy" from
the
top down
mircea_popescu: but merely out of a bunch of
things following my rule above.
mircea_popescu: herbijudlestoids no but see,
the argument is
that nature did well enough populating
the earth without
trying
to populate
the earth
mike_c: nevermind, nevermind. anyway,
the spread has gotten lower.
ozbot: [ActiveMining]
The Official Active Mining Discussion
Thread [Self-Moderated]
herbijudlestoids: haha fuck mike_c if its so aggravating, you can just put me on ignore, right? like i dont want
to draw sighs from anyone
mike_c: <sigh> you want
to learn your lessons when
they only cost $9 or when
they cost more?
herbijudlestoids: lucky my survival doesnt depend at all whatsoever on my attempts
to generate interest on openex in ATCBTC :)
mircea_popescu: herbijudlestoids
think in
terms of autonomous entities. like say an insect, or whatever. its survival as a
type and as a species depends on interracting with an unspeicifed envronment a certain way.
BingoBoingo: herbijudlestoids: Well,
the point is
they should be different from Doge markets with
their pumping and dumping and a lack of actual value
herbijudlestoids: yea im not really sure what
the argument is other
than BingoBoingo wanted
to prove some point about
the way BTC markets should be
mircea_popescu: herbijudlestoids you're focusing on
the wrong aspect here. nobody is proposing you should be hanged,
the argument isn't
that o woe, you lost your dwelling and your woman and your future playing barbute with
teh atc market.
BingoBoingo: mircea_popescu: I'm not at all convinced. I just want
to
trick herbijudlestoids into gifting me more coins.
mircea_popescu: to reiterate my earlier q : why are you so convinced a high price is better
than a low price ?
BingoBoingo: herbijudlestoids: How do you know you aren't gifiting me cheap ATC at
that price?
herbijudlestoids: as long as
the spread is wide it costs me almost nothing
to keep
the last at 110 :P
BingoBoingo: herbijudlestoids: Isn't
two cans and a sting magical
herbijudlestoids: BingoBoingo: im starting
to feel like i perceive value at 110 :)
BingoBoingo: Hopefully some Dogers will see 700 and
think my selling at 625 is cheap
mircea_popescu: jayk ah, nope.
they claimed it was some slovenian band but it
turned out
to be a scam
kakobrekla: wait, reading
the forum is not useful!? fuck,
the
time wasted.
mircea_popescu: not saying it isn't necessarily, but curious as
to
the rationale.
mike_c: omg.
their order matching is horrible
mircea_popescu: incidentally, why are you
two so convinced a high last
trade is useful or important ?
jayk: oh id have
to look for
the picture
jayk: did you ever find out who
that band of naked ladies was mircea_popescu
Duffer1: i've never seen
that color of star
trek shirt
kakobrekla: perhaps i cut my dick off with
that btc
kakobrekla: > I'm not sure why I ordered 8 rather
than 9 upgrades, perhaps it was all we could afford at
the
time.
mircea_popescu: either what you do is profitable and sustainable, or else it isn't. we have a word for
that latter.
mike_c: so you made some profitable
trades and now you're broke.
herbijudlestoids: i mean, now
that i have no BTC in
the account, i cant make
the market...thats all
herbijudlestoids: mircea_popescu: no problem specifically, but its unsustainable, id prefer
to continue making a market around
the diff implied price
than not
mircea_popescu: Apocalyptic you're always going
to be low on funds.
this is bitcoin.
KRS-One: yeah its
totally looking
the other way all stuck up
B007: ozbot: boob are
too big
Apocalyptic: mircea_popescu,
that's what happens when you're MMing with low funds
herbijudlestoids: mircea_popescu: i sold some BTC for some ATC? at above
the diff implied price?
BingoBoingo: herbijudlestoids: last
trade now seems
to be 700
herbijudlestoids: well, it was my assumption
that BingoBoingo wouldnt wanna see
the last
trade as ~100 but i guess i was wrong
BingoBoingo: When he put in asks I also found
them palatable.
herbijudlestoids: nah i put some bids in,
try and create some interest, bingo wanted
the bids instead of pass
the parcel...now nothin
mircea_popescu: i
thought you were both discussing other people's other
trades
herbijudlestoids: asciilifeform: you say price, BingoBoingo is
talking perceived value.
BingoBoingo: asciilifeform: I haven't much
traded. I simply saw herbijudlestoids buying and selling at prices I like.
mircea_popescu: i
think it
took about 19 months for a 5 btc aggregated
trade
mircea_popescu: amusingly
this is way better
than bitcoin's first year
mike_c: he said he already offloaded 1.6mn before
that
pankkake: bernankoin had a sole $25
transaction
pankkake: my sales are probably 0.3 BTC
tops
mircea_popescu: and
then
ThickAsThieves also bought some iirc, so did you
BingoBoingo: mircea_popescu: Earlier
this week it was up
to 0.1 in a 24 hour period on Openex
BingoBoingo: herbijudlestoids: No
the correct state is
trades only when
there is an agreement between buyers and sellers on value.
BingoBoingo: herbijudlestoids: Consider
the spreads on S.BBET and S.NSA
BingoBoingo: It is more important
the market actually BE right,
than
to look "right"
BingoBoingo: BTC on
the other hand is
too expensive
to
throw away on making a market look right.