815000+ entries in 0.527s
kanzure: so it
turns out
that
the cryptocyprus neobee-dumper should be flipped around
the other way
mircea_popescu: which is why
there's not so much stuff in
the midmarket, in spite of mpex being unbitcoinly friendlty
to free entreprise.
mircea_popescu: i
think you may be not
the first
to make
that experience
mike_c: plus, everytime i undercut
the bot's margin I get beat up :)
mircea_popescu: on
the other hand i can understand
the disbelief, people with any experience looking at options are aghast
to see mpex spreads.
mike_c: yes. and obviously
the option spreads are not insane since
the bot gets beat up sometimes.
mircea_popescu: let alone
the OPTION spreads on
the 2nd, which by
their nature have
to be wider
than spot
mircea_popescu: obviously
the spot spreads on
the first will be way narrower
than even
the spot spreads on
the 2nd
mircea_popescu: s.mpoe moved 20%ish over 9 months. btc moved 10000% over
the same interval.
mircea_popescu: but let alone spread girth for a moment and
think in avg prices.
mike_c: that seems relatively bigger
than
the option spreads
mike_c: spread of
the s.mpoe share price
mike_c: spread on mpoe is 0.00000036 right now. spread over last 30 days was 1000x
that.
mircea_popescu: mpoe moves relatively very little, i was just looking
through early feb/march logs and it was
trading 65-70
mike_c: not universally.
there are
tight spreads on some
things, like s.mpoe.
tight spreads on options would require hedgin
though
mircea_popescu: i wish
there were more airplanes for 10k a pop on
the market, for instance
mircea_popescu: i guess we all wish for more liquidity at better prices, but
this is probably
true universally.
mike_c: yeah, i agree
that is
the correct long-term
thinking. which is
the way you operate. I just wish for moar liquidity at
times.
mircea_popescu: this obviously is a distinction btc people would gladly blur, but i
think it'd be pretty dangerous/irresponsible
to allow it just yet.
mircea_popescu: if you are going directional
then you are speculating not marketmaking.
mircea_popescu: well
the idea is
that if you're marketmaking
then you're marketmaking. selling puts and calls.
mike_c: yeah, for double
the collateral. idk.. probably a dumb late night
thought. ignore me.
mike_c: late night
thought:
the market maker writes almost all
the options. it would be good for mpex if more people wrote options. so,
the fee (not collateral) for writing options should be low low low (maybe even free??)
mircea_popescu: Namworld you could write your own and list
them of course
mircea_popescu: Oct 28 17:17:15 <thestrin1puller>but in all srsness i
think i may fork over money for an mpex account
Apocalyptic: meh,
they don't deserve
that priv reading
trilema is
mircea_popescu: there's
two
types of arrogant people in
the world,
those who know
they're much better
than you and
those
that don't know you're any better
than
them.
Apocalyptic: I just don't understand where
that arrogance come from given
they're utterly clueless
Apocalyptic: Namworld, pretty much, have you read
the comments also ?
Apocalyptic: nice, it's kinda similar
to romanian in some way
Namworld: Ignorance,
topped with ignorance sauce
Namworld: I don't need
to, I can just read
that...
mircea_popescu: and he can use his 9 years of financial experience
to get a job flipping burgers.
mircea_popescu: Apocalyptic you can
tell
them
that when i decide playground is over, i'll just shut down
these4 alleged "central banks"
Apocalyptic: what's even more interesting is
that
the guy claims
to have 9 years of financial experience
Apocalyptic: i guess you have 1 more name
to add
to your infamous list
Apocalyptic: their main point is "when central banks decide playground is over,
they'll shutdown exchanges, so value will plumet, so lulz"
Apocalyptic: by
the way mircea, i just read one of
the worst article about "why is bitcoin gonna fail" from french dudes who are otherwise sensible
gribble: MtGox BTCUSD
ticker | Best bid: 926.5, Best ask: 929.99999, Bid-ask spread: 3.49999, Last
trade: 926.1, 24 hour volume: 16138.33096512, 24 hour low: 882.15864, 24 hour high: 990.0, 24 hour vwap: 931.88021
gribble: Bitstamp BTCUSD
ticker | Best bid: 870.0, Best ask: 872.0, Bid-ask spread: 2.00000, Last
trade: 872.0, 24 hour volume: 14577.80143116, 24 hour low: 850.0, 24 hour high: 920.42, 24 hour vwap: 882.899271422
gribble: BitcoinAverage BTCUSD
ticker | Best bid: 883.07, Best ask: 886.01, Bid-ask spread: 2.94000, Last
trade: 884.75, 24 hour volume: 54501.6, 24 hour low: None, 24 hour high: None, 24 hour vwap: 894.08
gribble: Next difficulty estimate | 1045154958.02 based on data since last change | 1061470067.62 based on data for last
three days
benkay: "complete electronic redesign of
the past 25 years"
CheckDavid: it looks like
the market cap is going up
CheckDavid: so if
the price goes up due
to lost coins
CheckDavid: Yeah,
that was
the point I was
trying
to get
to
CheckDavid: How is
the market cap of bitcoin evaluated?
ozbot: SUPER MONEY
The REVOLUTION in Digital Currency has arrived!
THIS is BITCOIN 2.0! - YouTube
benkay: pretty sure gribble ain't around
today mang
jurov: thx. it isn't said if it was in
the battery
ozbot: Yahya Ayyash - Wikipedia,
the free encyclopedia
jurov: yes,
that should be one bullet point "Requires NSA certified battery"
jurov: that's why i hope
there will be some marketing in contemporary sense
benkay: so happy
to have you on
the case, asciilifeform
jurov: ETA
to finished Cardano?
benkay: how's
the cardano coming along?
mike_c: looking on mpex, no volume since
then.
mike_c: few days ago
they were
pigeons: no
they used
to be announced
though
benkay: hey options
trades aren't announce in here?
mike_c: plus his posts on
the forum have not inspired confidence.
pankkake: I wouldn't have sold at loss because of
the "news"
pankkake: (which is actually a big deal,
time is worth a lot of btc, especially in Bitcoin!)
pankkake: well
the only implication is
that neo wastes its
time
mike_c: really? neo "gets involved", communication is
terrible, balances "adjusted". not a great reflection.
KRS-: im
thinking india is about
to get on board and someone playing games with
the price
KRS-: i was seeing funny shit with huge buy and sells when
this started
pankkake: anyway if I rebuy it will be at
the lmb
thing so it actually gets
to
the company
KRS-: haha
ThickAsThieves
pankkake: "Going on HavelockInvestments.com right now
to sell half my Neo & Bee shares. Watch
the price go down." guy was
the biggest cheerleader a few hours ago
mike_c: ^ nice. neobee made a great decision
to get involved in
this.