866500+ entries in 0.603s
kakobrekla: yeah we should say its an option not a
trade
Hollywood: mircea_popescu> Hollywood it was like 12 or so <
thank you mircea
gecko_x2: the real question
that matters for
the future is rolled vs. unrolled.
Rulother: 2k in any stock can be a game changer or at least enough
to spur up other investors
mircea_popescu: i'd be surprised if
the
trip from 3.x
to 1.x nets a grand
total of 2k btc.
mircea_popescu: gecko_x2 problem so far seems
to be it's really not so very much money.
Rulother: at least not until
they get some real "news"
Rulother: ActM hasn't seen a
true raise in some
time now
Rulother: Doubt it'll be ActM
that gets it
gecko_x2: all
this AM money is gonna go somewhere :p
gecko_x2: time
to remove
those ask orders on actm :p
assbot: Last
trade for DMS.SELLING on BTCTC was at 0.01748 BTC [-]
gecko_x2: time
to
take profit and look for new adventures
gecko_x2: return from 0.1
to 5 = 4900.00%
chsados|work: asicminers price has changed dramaticly
the past few weeks wow
pankkake: what's
to read is "If you order now, I would not expect you
to
take delivery of your unit until sometime in February"
mircea_popescu: the bitcoin foundation scammers are nao going
to find some sucker
to collect bitcoin from people and hand it over,
thus insulating
them ?
Rulother: For
this week and part of next week I don't see Labcoin going above .00255, it's at a stable point between .0022 and .00245 right now
bobbabad: If only people would realize
that labcoin has hit its peak and
this is
the
time
to cash in on
the short
term gain
gecko_x2: fact is it's
time
to realize
the astronomical gains since 0.1
gecko_x2: ppl
trying
to catch
that fallin AM knife..
bobbabad: hmm... how long will it be before labcoin drops back
to ~0.0019...
jurov: i heard something bithub is
to blame
kakobrekla: bitstamp got sold and bitstamp limited is in
the uk
kakobrekla: well
thats unfair bet, i know
they are.
kakobrekla: better
to make a video
than
to fix
the
trading engine
ozbot: Introduction
to Bitcoin and Bitstamp - YouTube
kakobrekla: would be funny
that stamp gets shut down before gox dies
kakobrekla: it could as well be
that
the risk assesment is wrong
mjr_1: so i'm very curious if you can use gox price in a bot in order
to
time
the market on bitstamp
mjr_1: but more interesting
than
that, it seems
that gox MAY be a leading indicator at other exchanges
mjr_1: in other news...there was an interesting article which basically agreed
that 15% is
the risk premium at gox
mjr_1: if
they were publicly
traded, it could
tank
their stock, or raise, depending on how good of a business person
the person running it is
mjr_1: seriously, if i post
this on reddit
mjr_1: (i assume
that bitcoin right now is a very small part of
their
total business)
mjr_1: but if
they are aware, and are dealing with it,
they are growing
their business and doing really well
mjr_1: exactly...if word gets out, and
they grow 10X as large
mjr_1: my only point is,
this could be AWESOME for
them as a business, or could be
TERRIBLE
mjr_1: they are a payment processor similar
to seamless
mircea_popescu: so far
the cost of mtgox risk is about 15% on
the spread.
mjr_1: many companies would pay money (and do)
to expand market share...
mjr_1: assuming
that gox cash is eventually delivered
mjr_1: like i said, a business can leverage its ability
to put up with long delays from gox in order
to offer MUCH better rate
to attract more customers
jurov: kako he's prolly
too lazy
to return
to rg ways
mjr_1: if i get
to keep
the service
mjr_1: i don't mind losing
the discount
mjr_1: well, from what I've heard it is possible
to get cash out of gox, it is just a
time intensive process
kakobrekla: they might figure it out and he will lose
the discount
jurov: try ot ask
them directly?
mircea_popescu: <mjr_1>
the only problem is if foodler can't get cash EVER out of gox, in which case
they are getting screwed << something alojng
those lines.
mjr_1: if
they are long
term believers (and
they don't seem
to be using a payment processor, but rather are accepting bitcoins)
then
they may just figure its a good way
to get a long position in bitcoin
jurov: maybe
they expect
to sell bitcoins later when it's 15% up
mjr_1: no...if
they have accepted bitcoins and given gox price in dollars
then have
to sell at bitstamp prices...
mjr_1: and i doubt
their margins are even
that high
mjr_1: true...but
they would
take a 15% loss
jurov: maybe
they will be interested in marketmaking pizza options with physical delivery?
mjr_1: through no fault of bitcoin, but rather
through advertising prices you can't really use
mjr_1: serve as cautionary
tale
to other businesses
mjr_1: they may cease
to accept it
kakobrekla: and
then bitcoin will end up as
the bad one as 'you cant get usd back ever again, dont use it'
mjr_1: the only problem is if foodler can't get cash EVER out of gox, in which case
they are getting screwed
mjr_1: but if i were
to
tell people who never used bitcoin, "oh, i pay 15% less for all
the food I order, because of bitcoin)
they may adopt bitcoin JUST for
that reason
kakobrekla: maybe
they just dont know
the gox issues yet
mjr_1: you leverage your ability
to handle short
term cash flow while waiting for wire from gox
mjr_1: then it is a GREAT way for a business
to expand...you can offer a discount
to your customers
that doesn't cost you anything
mjr_1: IF
they can get dollars out of gox (delays don't matter, real businesses use accounts receivable and deliverable and handle cash flow issues)
mjr_1: AND if many people do
this
mjr_1: but, you can alternatively look at it
this way...
mjr_1: i
typically send a coin
to foodler
mjr_1: i don't want
to screw over
this company by advertising
that
afrotec: do you fund
the Foddler account
then make purchases from it? or do you send btc from your wallet for each individual purchase
jurov: maybe
they deliver
to mtgox,
too
jurov: lol, so you wonder how
they do it?
mjr_1: so if i buy on bitstamp, and
then put coins into foodler, i get ~15% free food
mjr_1: they will give you
the mt. gox price for bitcoins
mjr_1: that is what i wanted
to know
kakobrekla: i
think
the answer is 'yes with delays' for
the moment