783300+ entries in 0.524s
mircea_popescu: portia ie athena points out
to him
that mere words without context decay into meaninglessness
BingoBoingo: I figured
the hero was
the storms
that sunk
the ships
BingoBoingo: mircea_popescu: Well, he lost in
that
travesty of fiat justice at
the end
mircea_popescu: you could just as well
teach
them
to chant "ffmpeg" "awk" "youtube-dt" etc
mircea_popescu: asciilifeform yes. nevertheless, insteaf of
teaching
the fucktarded horde
to chant "white privilege" "global warming" "feed
the hungry"
mircea_popescu: but most of
the world doesn't have linux cause
they live in
the poor world which gates helped.
Shakespeare: Bill Gates: "Over
the next 5 years I
think digital money will catch on in India and parts of Africa and help
the poorest a lot."
nubbins`: you append
the name of each layer with a
time in milliseconds
mircea_popescu: asciilifeform never because fuctards are more interested in "saving
the world" in
the shape of doing something or
the other in africa
mircea_popescu: yet
there's no search engine doing gif video encoding on
teh fly
nubbins`: they were
the first search engine
to do
thumbnail video previews!
nubbins`: was about
to lel @ .aspx until i noticed
the domain
Shakespeare: The devil hath power
to assume a pleasing shape.
mike_c: too bad nobody seems
to put on
that play. watching
the movie instead seems like a bad idea.
nubbins`: supposing
there's a month where no collateral is needed, bondholders collect no interest?
mircea_popescu: it was in response
to jurov's command.
they wouldn't show in oix cause
they're sales.
mircea_popescu: Feb 04 22:05:57 <mircea_popescu>nah cause
they're sales see
mike_c: ok, so by purchasing
those options it did
trigger a capital need
that bondholders will collect interest on. right?
mircea_popescu: at
the end of
the month
the widest berth of
that collateral need is
taken as "the needed collatera" figure
mircea_popescu: whosoever buys an option must has
the btc
to pay for it. in
the case of mpbot
this goes into its collateral needs for
the month
mircea_popescu: whosoever sells an option has first
to create it, which
takes collateral. in
the case of mpbot
this goes into its collateral needs for
the month.
mike_c: right, but mpoe had
to buy
them, where did
that money come from?
mike_c: mircea_popescu:nah cause
they're sales see << maybe you were referring
to something else
nubbins`: these
things actually
turned out
to be a pretty good investment
benkay: fun programming exercise: make a
thing
that demonstrates "real" chaos
benkay: chaos
theory is
the best
theory
mike_c: oh, so it only
triggers a capital need if
the price moves adversely?
benkay: largest amount of btc needed
to cover positions over
the course of
the month, right?
mike_c: you confused me
the other day when you said
the put sales didn't
trigger a capital need by mpoe
mike_c: before we shut it down, i've been
trying
to figure out how mpbor capital needs are calculated.
mircea_popescu: anyway.
this discussion is not really resolvable, hence
the arguables early on
mike_c: it only matters if investor returns on JD are predictable. which 1)
they are if
there are a bunch of small bettors, 2)
they are not if
there are whales.
davout: hang on, gonna fish
that book about chaos i read a while ago, really really interesting read
mike_c: yeah, but nobody cares what
the rolls are, we care about investor returns.
davout: them not obeying
the usual laws of statistics
davout: no, i'm saying
there are fundamental differences in random values, and chaotic values
mircea_popescu: once it has a mean, any element of
that set has a sdev
davout: talk
to me like i'm five, or a golden retriever for
that matter
davout: whereas on chaotic values
there is no distribution, no mean, no standard deviation etc
davout: the distribution is irrelavant, what i'm saying is
that
there is one
mircea_popescu: davout just because something is based on something random you can't actually proclaim it uniform
tho
mike_c: that is greater
than 1% edge.
davout: what i'm
trying
to say is
that
the returns on JD are based on something random, on which you can use statistics
to infer stuff, on
the other hand, market prices are not random, but chaotic, hence it not being comparable
mike_c: the only concern for an investor would be
that
their computation method has an exploitable flaw
mircea_popescu: mike_c even sidestepping
the whale issue. who
told you
that
the way
they compute is actually uniformly distributed ?
davout: mircea_popescu: because of
the way it's computed
mike_c: and
they are not uniformly distributed
mike_c: but
the risk on JD is all about
the whales
moiety: Ik moet deze
taal kennen. Ik ben geboren in Nederland. nokawa is
the whale high roller man right?
mircea_popescu: davout how do you know it's uniformly distributed in
the first place ?
davout: mircea_popescu: i'd argue it's easier
to measure
the risk on something random, uniformly distributed
than on something chaotic
mjr_: mircea_popescu: does
that include gox
then?
mike_c: that's only one piece of
the risk
though, volatility on mpbor is so unpredictable.
nubbins`: i had a dream
that i visited romania last night
mjr_: was wondering what
the index was for options now
mircea_popescu: jd bot
takes 1% margin. mpbot
takes significantly more.,
mike_c: i know how
to quantify jd risk. mpbor i'm still floundering a bit..
mike_c: hm. how would you argue
that? :)
mike_c: it's been
tracking pretty closely last few months
pankkake: Doge-Dice looks even more profitable
than Just-Dice
though :p
moiety: how are we all and am i speaking in
the correct language
today?
mircea_popescu: they can't put up with
the notion
that much smarter, much better people are
there
to lead
them, so
they end up with issues such as starting alt coins,
mircea_popescu: generally it's
that
they don't understand
the benefits of submission
mircea_popescu: generally it's not
that
they don't understand
the benefits of acceptance.
the20year3: In my brother's short 15 minute conversation with DHL ,the rep/head sure did seem
to understand
the massive benefit
to acceptance
mircea_popescu: kiddos born in
the "you can do anything" utopia have little idea just how much impact deeds and misdeeds actually have on
their own future.
mircea_popescu: asciilifeform no, just preparing
the workrolls for
the uranium mines of
the future.
pankkake: you might want
to do a whilelist instead
pankkake: "Someone who provides a very needed service for
the community"
ThickAsThieves: "Even at a 10 billion dollar market cap —
the peak achieved by Beanie Babies in 1999 — bitcoin is almost irrelevant in financial
terms."