862400+ entries in 0.557s
mircea_popescu: bid/ask, last
trade, min/max prices past 30 days and day/month volumes
kingofsports: man i understand options and
the risks now i just gotta understand how
to read
the books like on mpex...i
took one look at mpex and besides
the standard buy and sell prices didnt know what
the hell i was reading.
jurov: hi all, satoshi square bratislava made ~ 3
transactions in about 10 btc
total
kingofsports: is
there a way
to look at
the options book for ASIC shares?
gribble: (last [--{from,in,on,with,without,regexp} <value>] [--nolimit]) -- Returns
the last message matching
the given criteria. --from requires a nick from whom
the message came; --in requires a channel
the message was sent
to; --on requires a network
the message was sent on; --with requires some string
that had
to be in
the message; --regexp requires a regular expression
the message must (1 more message)
benkay: arandomer: he's around from
time
to
time
kingofsports: say i offer futures of $120 for 10 BTC, and person fails
to deliver but i have all
their info and
the contract.
kingofsports: now mircea what happens if
the company fails
to deliver is it legally actionable?
mircea_popescu: there's youtube videos of idiots losing lives in instants
through chainsaws
mircea_popescu: it IS less risky
than options. it's horribly risky nevertheless.
kingofsports: i hear people get absolutely killed sometimes in futures if
they dont know what
their doing,
to me
tho it sounds less risky
then options
tho
kingofsports: now i understand it better. now i see. companies make sure steady revenue no matter what
thru
these futures.
mircea_popescu: so if $100 right now for a ring i don't have
to deliver for 16 months is worth 9900 for me, i'll offer
that deal.
kingofsports: like for your example mirceau why would anyone offer u
to sell
the ring for $100 in 2 years when
they could sell it for $10000 now?
mircea_popescu: you realise
the payment is now, and
the delivery later ?
kingofsports: cmon im
trying
to understand it. I read about it but i still dont see why anyone would
take a future when
they could sell for more
TODAY. i watched
TDameritrade all
their videos and simulations. Options understood, forex ehh understood for most part but futures i dont see
the one side why anyone would do it.
kingofsports: why would someone
take my $120 in 30 days future when
they could sell btc now for $130 is what im asking. whats
the motivation / reason behind it.
kingofsports: cause if price stays
the same
they make money in 30 days
kingofsports: i understand how its profitable for
the person offering
the future below spot price.
kakobrekla: anyway sorry for
the intrusion, carry on
kingofsports: what im saying is, how is it profitable
to buy an offered future. Say bitcoins are selling for $130
today, and someone offers a 30 day future of $120. Why is
there any demand for
that future when someone could sell
today for $130.
kakobrekla: gotta start educating early when
the brain is young
kingofsports: i cant see how
THAT MANY people would buy futures cause
they are in a stuck postion
til
that length of
time goes by, but futures are huge.
kingofsports: i just dont see why it would be beneficial
to BUY an offered future, if u could sell for more at
todays price.
kingofsports: ah i just dont understand how futures is similar
to options, someone
told me
that.
mircea_popescu: kingofsports if
the price in
the future is below
the spot and you don't need
the item until
the future
then of course you buy
the future
kingofsports: such as options, where in many cases u never hold
the stock u just lose or instantly profit if u buy at a strike price
benkay: yes, by selling
the contract.
kingofsports: is
there any way of profiting from buying a futures contract if i dont have a position in
that stock?
kingofsports: hey guys question regarding futures - why do people
that are not hedging a postion
they have buy futures? Generally future prices are below
the
today price of a stock or commodity. Why not just sell at
todays price instead of 30 days from now if you arent
trying
to hedge something?
ozbot: Crash pe
Trilema - Un blog de Mircea Popescu.
gribble: MtGox BTCUSD
ticker | Best bid: 137.24257, Best ask: 138.43985, Bid-ask spread: 1.19728, Last
trade: 137.19115, 24 hour volume: 42348.59542853, 24 hour low: 128.56000, 24 hour high: 142.76173, 24 hour vwap: 136.01927
ozbot: ARGUS-IS
The world's highest resolution camera - YouTube
Namworld: Yes. Payable now. In
ten years you'll be repaid 500 millions with 1 BTC because in another 10 years,
that's what
they'll be worth.
pankkake: will you hire Xzibit
to do some consulting for you?
Namworld: So by making business for business making businesses, we'd be pretty much referring businesses
to a business generating business for said business we referred?
Namworld: Anyone realize a business making business would be somehow referring clients
to a business or advertising.
pankkake: actually I have
the best first word, just need a second one
Namworld: Hey gecko_x2, I'm IPOing VirtualActiveCryptoCoin, want
to buy in? We're in
the business of making business for business making businesses.
pankkake: shit! I need
to
think of a new name
then
gecko_x2: no pankkake, forgot about
that
kakobrekla: but but im working on virtual crypto active coin is gonna be
the greatest company
gecko_x2: i will not be subjected
to names
that make me sound like a fucking ape
gecko_x2: now
the next ipo
that will have 'coin', 'active', 'virtual' or 'crypto' in it's name i will NOT buy
gecko_x2: i
think
that's
the word i was looking for
gecko_x2: 30k shares?.. i imagined ppl
traded in batches of
those
Rulother: It's some guy
trying
to off 30k shares
mircea_popescu: once a bet closes of due
time it doesn't resolve until
the resolution date.
Anduck: but ain't
the 5 deliveries already confirmed
Anduck: isn't
that bitfury bet ready for resolution?
kakobrekla: 9 bets are waiting resolution but 0 of
them are ripe for it
mircea_popescu: no idea why it does
that, buit
the bet itself is still "Betting closed. Pending resolution." and "Resolution:
gecko_x2: don't want
to be responsible for a global
thermonuclear war and destroying mankind..
Anduck: btw mircea_popescu why have
the "pending resolution" in
the footer bar changed from "1/9"
to "0/9"
mircea_popescu: Anduck he just made
the mistake of saying he's sick of all
the bet discussion already.
gecko_x2: k forget i ever described
that just now
Anduck: i
think
there are now 5 confirmed deliveries
Anduck: mircea_popescu: anything new about
the bitfury bet?
gecko_x2: ofcourse
the blockchain itself would prevent any
tampering of
the data during
the 5 years
gecko_x2: anyway, something like
that is what i've been
thinking off
gecko_x2: the open source software
they use, like bitcoin wallet, can be set
to automatically release
the coins after 5 years
gecko_x2: now
the coins are released for
trading globally
gecko_x2: those coins are used
to create a master key, derived from
the hashes of
those specific coins
gecko_x2: so i purchase
the amount of h, m and s coins so it adds up
to 5 years
gecko_x2: so now say for ex i want
to hide a secret message for
the world,
to be revealed after 5 years
gecko_x2: and limited, so for ex
there can exist only so many second coins as
there are seconds in 500 years
gecko_x2: let's set
the system
to support for ex 500 years into
the future
gecko_x2: that aspects would give coins
their value and some fierce speculation would ensue
too :)
gecko_x2: holders of
the coins will all be
the first
to get
to see
the hidden message, provided
the message is intended for public view
gecko_x2: holders of
the coins, or 75% of
them distributed globally all with personal incentives, would refrain from releasing
the coins
too early because
they would loose all value
mircea_popescu: gecko_x2 why can't someone just look at
their datafield on
the network ?
gecko_x2: the decryption of
the hidden data would need something like 75% of
the specific coins
gecko_x2: the mechanism for preventing early leaks of
the encryption key would be based on millions of parts of
the master key encoded in
the data field of
these
timecoins
gecko_x2: which you could buy and use for locking information until a specific
time in
the future
gecko_x2: i propose
the creation of
timecoins