790500+ entries in 0.473s
ThickAsThieves: Hearn is
the kinda guy
that
tells Amazon
they should do drone delivery system
benkay: sounds like assume bitcoinj is
trash, in
that case.
mircea_popescu: hearn is
the guy
that answered experimentally
the usg's question as
to "what happens in case of major bitcoin fork ?"
benkay: oh he's behind
the antifungibility song and dance?
jcpham: can't
take
that guy seriously
mircea_popescu: pretty much what he's doing is
trying
to fuck up bitcoin.
BingoBoingo: benkay:
The anti-fungibility and other stuff
chipug: woah jurov i was meaning
the
thermos
typo and
the ensuing piss
takes. didn't know MNW was back bumping his gums
ThickAsThieves: <dub>
ThickAsThieves: pot holes in ur blog
too << i skim, and 2dopeboyx
jurov: he responded on earlier reddit post it's linked
there
chipug: he never responded
to
that did he?
chipug: loved
the
thermos
thing
dub: ThickAsThieves: pot holes in ur blog
too eh
benkay: additionally on
the bitcoinj
topic,
the litecoin folks have put
together some funds
to hire someone
to port it
to litecoin.
ozbot: Request for information for lawsuit against Michael Marquardt /
Theymos : Bitcoin
benkay: you have
to be an american jew
to do
that black music well, or actually grow up in
the ghetto.
benkay: wu
tang finance is inferior white people in blackface
ThickAsThieves: "BitcoinJ is widely used across
the Bitcoin community; some users include Bitcoin Wallet for Android, MultiBit, Hive, blockchain.info,
the biteasy.com block explorer (written in Lisp!), Circle, Neo/Bee (Cypriot payment network), bitpos.me, Bitcoin
Touch, BlueMatt's relay network and DNS crawler, academic advanced contracts research and more."
jurov: at least benkay is here?
try redeem yourself :D
jurov: i must have been asleep when i published
that... what is a / (1 / b) equal
to?
mircea_popescu: which cube was already a descend into suck, as
their prev logo was still better
ThickAsThieves: they forgot it was only boat-shaped
to fit
the silly cube from
the prior logo
Duffer1: like
they halfassed a QRcodefont
mircea_popescu: next
they'll put a penguin up
there or some emu or something
mike_c: no
time for copyediting at
the rate he publishes.
chipug: I'm a fan of any article
that references herding cats, but aside from
that, I don't aspire
to move or shake, just learn. also, does someone proof for you mircea_popescu?
mike_c: the20year1: good
to hear, congrats.
chipug: hahaha i love
the url already!
thanks mircea_popescu!
mircea_popescu: chipug welcome
to finance! it IS a different language.
jurov: mike_c: right, hope
they manage
assbot: [MPEX] [S.BBET] [PAID] 8.30025573 BTC
to 3`000`000 shares, 276 satoshi per share
mike_c: any
time between now and
then
that it's profitable it can close (and does)
mike_c: mpoe doesn't have
to wait
til
the end
to exercise
mike_c: it's basically buying
them at present value and paying nothing for
time value
kakobrekla: be careful
TO spend it before it hits 4k
the20year1: I
think everything is approved at havelock now mike_c
mircea_popescu: jurov apparently mpoe doesn't
think 852 is
the number.
kingofsports: strike price above current price.
thought
that would only be a call
type option.
mircea_popescu: mike_c
that also works. it's really basic fractions after all.
jurov: and why is mpoe buying
them at present value?
kingofsports: i
thought u couldnt offer a put when
the strike price is below current price.
mike_c: i always
think of it as (strike / spot) - 1
mircea_popescu: so yeah, a 1 btc put struck at 5k is worth
tm about 4.86 btc.
mircea_popescu: so
there you have it, jurov enables cheating and
thus ensuring people never learn anything.
mircea_popescu: never mind
that.
this is a basic skill, calculating present value of options. do so.
kingofsports: according
to your site its .488 BTC for 1 BTC option.
mircea_popescu: kingofsports, calculate for me
the present value of one put option on 1 btc struck at 5000 dollars.
kingofsports: thats why kako. if mpoe wants
that option for such a huge gain id offer it.
kakobrekla: 22:33.28 ( kingofsports ) I'd sell
that option anyday. 400% gain in price in 30 days. VERY doubtful. < never happend in btc, ever.
kingofsports: so for .488 BTC you have
the ability
to buy how many BTC option wise for $5000 should it reach
that pricew?
mircea_popescu: kingofsports mpoe bot bought 1k lots of .1 btc for .488 each, worth 488
total
kingofsports: I'd sell
that option anyday. 400% gain in price in 30 days. VERY doubtful.
kingofsports: now what is 1000 @ .488 = 488 BTC mean? No way mpex bought
that option for 488 BTC.
mike_c: no,
they are lots of 100 hBTC
Duffer1: kingofsports
the
ticker would read 050 if
the strike was 500$
mike_c: i'm in a good mood
today
kakobrekla: kingofsports
thats why you dont have 5k btc or w/e
kingofsports: this shit is so confusing. on mpoe it says $500 strike price. put option. a put cant be a strike price above
the current price...2nd why would mpex pay .488 BTC per 1 BTC option for $5000 strike price.
that is an insane fee. i wouldnt pay more
than 0.05
jurov: yes but
the strike is actually 5000 USD/BTC
kakobrekla: i
think kingofsports got
the denomination wrong
jurov: it's in need of rewrite but basic info is
there
kingofsports: mpex paid him .488 per BTC for a 30 day option for $500 or below...that seems like way
too much.
benkay: kingofsports: options called out with a
T are for
this month, N for next.
benkay: chipug: again, don't
think in
terms of people doing stuff
to bitcoin. bitcoin is here, and
the world must now deal with it.
that in now way entails saying no
to
the changes it will bring.
chipug: is it possible for one country
to ban bitcoin and everyone else use it still or would others just follow suit you
think?
benkay: "market maker" is
the
term of art kingofsports
kingofsports: to who? mpex buys puts? i
thought u just wrote
them
jurov: either
they got margin from mp or
they needed 50k collateral O.o
mircea_popescu: o,
that. so go
to #bitcoin-assets-trades for all
the dust.
kingofsports: so wait...i
thought he bought
the option
to buy like 5-10k btc if price falls below 500 or whatever he chose (some 470 445 and 410). how is
this a long play?
kakobrekla: what do you mean it doest get all
their
trades?!
jurov: So
they sold puts
to mpoebot?