822300+ entries in 0.517s
stephengandel: gotcha. Will give it a
try and let you know how it goes.
kleeck: Hope
to soon have a similar article involving Armandi and
Tatti. :D
mircea_popescu: BingoBoingo if he expects a drop
then holding
the bitcoin isn't particularly wise.
mircea_popescu: "A 29-year-old suspect surnamed Liu allegedly began operating GBL
trading platform on May 27 of
this year, according
to police in Dongyang City in east China’s Zhejiang Province."
BingoBoingo: stephengandel: Yup. Coinbr,
the broker does
their opions on MPEx. As Mircea says
though just holding
the bitcoin may be
the wiser course of action.
mircea_popescu: think of mpex as
the nyse, which is what it is. for most purposes you won't acquire a seat in
the pit.
mircea_popescu: stephengandel if your budged is in
the bitcoin range, and your
technical sophistication low you are best served by a bitcoin.
stephengandel: OK. So if I am going
to short one bitcoin, or a fraction of a bitcoin, it makes more sense for me
to go
through a broker
than do it with MPeX. Is
that right?
mircea_popescu: anywya.
there's definitely a living
to be earned doing
this sort of hussling.
pankkake: haha.
that's why retailers usually put max orders and only allow individuals
mircea_popescu: i
think
the
total loot for
this grand scheme was around 5k or so.
mircea_popescu: this was done by
the actual owner packing
the laptops in his own personal car.
pankkake: but it's also how you sell it. if you're a
trusted seller, have nice pics, description, it gets higher
mircea_popescu: to return on
their own (more permissive) return policy.
mircea_popescu: i'll beat
that story : a major romanian retailer bought ~100 laptops off a competitor, which
the competitor was selling discounted,
mircea_popescu: pankkake
the people filling captchas by hand also provide some convenience for some buyers.
pankkake: once I bought a full pc, I accidentaly broke
the motherboard, sold off
the parts, got more money :|
mircea_popescu: more like a
tupperware party
than an auction, but anyway.
mircea_popescu: i nearly fell over laughing, all
the housewives being all business-serious and bidding a hundred on some lamp
mircea_popescu: anyway, i was once with
this chick who actually lived off going
to no name auctions
mike_c: so
there can be value in bidding under
the reserve
mike_c: mircea_popescu: sometimes
they
take
the reserve off if it isn't met
pankkake: well,
that's
the ebay universe
mircea_popescu: in
this parallel universe you can have an auction with a "starting bid" of 1 and a "reserve" of 10 which means
that unless it reaches 10
the item doesn't sell.
jborkl: Mike, it does not matter if he is
trustworthy- just have dooglus hold
the escrow
mircea_popescu: mike_c
they do
this
thing where
they announce a "starting bid" but it's not
the actual starting bid
jborkl: gotta make
the graphics look good, oh wat it doesnt work- amazing graphics
mircea_popescu: jborkl can you imagine how
the nyse would look if
they'd get a call in
the matter ?
mike_c: is mechs
trustworthy? no wot with
that name.
mircea_popescu: is
this going
to be some sort of "all you need is love"
thing ?
jborkl: it is funny how people still bitch about
the way MPEX looks
pankkake: not
the same at all. you don't need one bitcoin
mircea_popescu: pankkake looky. some people
think mpex is inaccesible and so go flock on btctctetc
BingoBoingo: Fuck, let's switch
to mSatoshis and have
the media
talk about how much Bitcoin crashed
benkay: the limit of
the process is inevitable.
pankkake: not safe for your brain. yet again we have a guy who
thinks btc "inaccessible" and
thus wants altcoins. and another guy who wants
to buy a miner. both never had any bitcoin
mike_c: is it safe
to login
to
the forums again?
jborkl: so, not a bad deal for
that scenario
jborkl: so, it would require a large investment
to make it worth buying for any amount
jborkl: 10% i
think is
the commision rate
mircea_popescu: so
the value
there is 1% of 478 btc minus whatever discount ?
jborkl: yeah, so
the first 478 of profit is non commision
jborkl: Mechs is
trying
to sell his just-dice acct,
the investor balance is -478 ~
mircea_popescu: pankkake i
think some of
the older people with actual wallets send a little just out of sheer
trollery
pankkake: who's crazy enough
to fund
these?
mircea_popescu: pankkake you know, i should prolly have pr make a
trhead, MPOE BONDS LOST 3K LAST MONTH~!11 plz donate.
jborkl: I can sum it up for you 1. I can't get my blade
to hash 2. I lost ma bitcoin 3. I have a amazing company (give me bitcoin)
mircea_popescu: and like
the proverbial soviet geezers we'll go "do you remember how great it was back when it was horribly bad ?"
mircea_popescu: it strikes me
that maybe not many years later we will look upon
the early days with nostalgia, drowned in a sea of banal crap.
BingoBoingo: mircea_popescu: Maybe swap out
the motor with one from a dump
truck? Might make
the drama more fun
to drive.
jborkl: Where is
the amazing company?
mircea_popescu: stephengandel you know, you write a lot. i
thought
the job of
the senior editor is more along
the lines of
throwing out
the hard work of all
the junior editors.
gribble: MtGox BTCUSD
ticker | Best bid: 1137.20838, Best ask: 1137.99994, Bid-ask spread: 0.79156, Last
trade: 1137.99994, 24 hour volume: 23590.84962476, 24 hour low: 1046.99999, 24 hour high: 1185.77338, 24 hour vwap: 1115.72103
mpexbot: mircea_popescu: An error has occurred and has been logged. Please contact
this bot's administrator for more information.
mircea_popescu: stephengandel depends of what your idea of shorting bitcoins is like. but you can buy puts
through a broker, yes.
kleeck: "But, as with many
things in life, you have
to just suck it up and do it, which is why I’m here
to make a case for swallowing spooge."
pankkake: options are available
through
the broker
stephengandel: So, $30,000? Can you short bitcoins
through a broker?
mircea_popescu: pankkake
this is why you keep a bottle of nice cognac or
tuica or w/e on hand.
benkay: there are brokers,
though stephengandel
mircea_popescu: benkay he's probably not found
the bottom bar
to
type in yet
pankkake: garters is
the only
thing I don't like
pankkake: me neither. it's a sentimal
thing
kleeck: Yeah. I'm not arroused by
that image.
pankkake: I don't remember her like
that
pankkake: and
that scene in
the fields… wtf
pankkake: I am pretty sure she was in
the wet dreams of many boys at
that
time
benkay: i want
there
to be at least 3 btc-related jewelry providers
mircea_popescu: their butthurt at
their idol's failure having just about healed past denial
mircea_popescu: anyway, getting back on
topic for just a moment, from what i'm seeing
the internet metal bugs are actually beginning
to move
to crypto.