814100+ entries in 0.585s
mircea_popescu: (a)
The Market Maker will immediately notify
the Exchange should observance of
the
terms of
this contract become impossible for
the future. Should such notification be received,
the Exchange will distribute
the Market Maker's deposit
to contract holders, in proportion of
the number of contracts
they hold but not in excess of
the implied spot value rounded
to
the lowest 10.
This distribution will constitute
the sole rem
lyspooner: so if you choose 5 market makers for
the product, each with
their own delivery specification,
the buyer of
the contract faces all of
the different mm's
mircea_popescu: (c)
The Market Maker will make a deposit of BTC with
the Exchange, on
the basis of which
the Exchange will create a number of X.EUR contracts in
the Market Maker's account, by
the criterion of
the weighted spot price rounded
to
the lowest 10.
lyspooner: so mpex will not
take responsibility for davout or anyone else's failure
to deliver?
jurov: we'll have
to wait for official announcement with
the specs.. or was it done already?
lyspooner: because delivery specifications are made by a single-market maker,
this contract will always guaranteed
to have a single seller?
mircea_popescu: anyway,
the phys delivery is mostly
there
to keep
things honest. unlike all
the bucket shops running a soft-settled only "future"
mircea_popescu: this obviously being a mm feature, don't expect it
to happen for 7.8 eur or some bs
lyspooner: i could bankrupt davout by buying several instances of 1 euro from davout, holding
them
to expiration and having him wire me 1 eur at as many bank accounts as i have contracts
mircea_popescu: but you can contact davout, and deliver euros
to him on bc, which arrangement he may accept
mircea_popescu: at expiration you can either
take 1 euro in cash if you go
through
the delivery process or have it rolled
to next month's x.eur
lyspooner: so i buy 1 x.eur, hold it
to expiration, and
then davout gives me 1 eur
mircea_popescu: <lyspooner> and do i understand
the specifications correctly
that davout will be responsible for defining delivery details? << within reason and in advance.
mircea_popescu: Apocalyptic you getting a lot of
that in -otc
these days huh ? i see Azelphur negging people,
that's a rarity.
jurov: he prolly means
the lot
lyspooner: and do i understand
the specifications correctly
that davout will be responsible for defining delivery details?
Apocalyptic: and started creating fake accounts
to negrate me
ASAPCA: now
that I got my hands on you
ASAPCA: i swear
to fucking god
komododragon: running
the late shift
tonight again you fucking mut
nubbins`: yeah, i'm officially done with chess for
the night
BingoBoingo: I completely forgot
the King could
take pieces when I went Qd1
ozbot: Loper OS »
The Alert Reader.
BingoBoingo: nubbins`: Pretty sure moving
that Bishop opens you
to check...
BingoBoingo: I believe
that would be actively castling into check...
BingoBoingo: I don't know
that Castling
through check is legal...
BingoBoingo: I lose a bunch IRL
though. And back when CoinChat was a
thing I lost quite a few games
there
BingoBoingo: For
the night. Career I believe it is 4-0, someone else played a game at a point
nubbins`: well i guess 3-0 all
total at
this point
nubbins`: they have
this vodka
that comes in a glass skull here
nubbins`: i
think you already have N on f6
benkay: is
this
the layer on
top of
the credit card processing system
thing?
ozbot: JPMorgan's "Bitcoin-Alternative" Patent Rejected (175
Times) | Zero Hedge
nubbins`: really it was
that whole bishop/knight/queen
trade
that did me in, i
think
nubbins`: thought i'd
try stirring up
the pot early
benkay: ah so you object
to urbit's low-level immutability
benkay: asciilifeform: doesn't shitty code
that gets hardware deployed against its performance problems carry more responsibility for
that?
nubbins`: asciilifeform: quitting something and giving it up are
two different
things, i guess ;D
benkay: asciilifeform: doesn't immutability also help averagely-talented software
teams operate in highly
threaded environments?
benkay: asciilifeform: why is
that? do forgive my complete ignorance of
the domain...
nubbins`: i can recall
trading cad:usd at like 1.4:1 before going on vacation as a kid
pankkake: what year was
the worst
thing
that happened
to
the U.S. dollar?
BingoBoingo: I'll
take
tails since you know
the flippage
nubbins`: great, we'll get gribble
to flip
BingoBoingo: nubbins`: Why not, give me some
time
to set up
the board
benkay: the20year1: what on earth do you mean by 'tie a new altcoin
to btc addresses'?
BingoBoingo: ng
to Urbit and
the
thing
that highlights its futility is Clojure.
BingoBoingo: benkay: Well You can spec a
Turing complete language on a napkin in
the bar. What
takes
time is building an implementation
that runs on something. For most applications now,
the various *nix's are going
to be
the best
things available. If you want
to write a new future of computing
though instead of inventing Urbit someone could have just as well made a *nix
that only offered as a Userland GNU Guile. It seems
to me
the Closest
thi
benkay: granted i don't know anything about anything, and
there's
the whole keyboard and display
thing
to deal with
benkay: BingoBoingo: i don't know
that i buy asciilifeform's ball-o-mud argument on urbit yet. given enough
traction wouldn't it make sense
to rewrite
the important bits for fpgas or what have we?
BingoBoingo: benkay:
There is a distinct difference between badness and sadness as a question of being different kinds of properties.
BingoBoingo: benkay:
That has
to be
the saddest site on
the internet
the20year1: It'd be pretty cool
to spawn off an altcoin backed by real estate
through our bitcoin realestate business, but i don't know of any viable way
to do it
the20year1: Is it possible
to
tie a new altcoin
to btc addresses?
frb: a coin whose only redeeming feature is
that it is named after an internet meme
ozbot: Coined Up -
The FREE Crypto-Only Currency Exchange
pankkake: haha nice. even
the username is funny
mircea_popescu: basically,
the longer a block interval,
the lower
the reward
pankkake: coins made
to be bad got
traded
mircea_popescu: actually block rewards equal
to say
the 5th digit of
the nonce are an interesting idea
nubbins`: "what is with
the digger built into
the QT. I never got it running, always said no dig such fail."