908400+ entries in 0.655s
ThickAsThieves: its worth what its worth 100% loss for you =
the same
total loss as anyone else
dub: for people like me
that bought AM at <US$1
the risk is a lot less
than
those buying in now at >$150
mircea_popescu: well
the worst hat can happen
to .5 btc worth of investment
benkay: so i incorporated some businesses in your bitcoin space
to pile risk on your risk so you can invest while you invest
mircea_popescu: they may encounter problems of all sorts, it's a
tossup
mircea_popescu: they may make dough from selling gear,
they may havenses,
ThickAsThieves: dub is
the devil on your shoulder, my role as angel is done
mircea_popescu: at current prices
they'd have
to mine ~500k btc in ordeer
to pay you back from divs.
dub: the risk is a lot higher
than any conventional investment
dub: you should keep in mind
that nobody knows who AM are,
they are operating an illegal business in a country with no real laws
WILLdude: Is
there a reasonably good chance
that I'd at least get my investment returned?
aneeshmehta: mircea_popescu
thanks I get
that,
that's why I'm looking OTC
mircea_popescu: aneeshmehta nobody does "exostic options" for
the sake of
them being exotic.
ThickAsThieves: it's all up
to how
they manage
the business and profits
aneeshmehta: hey I'm looking
to potentially do some OTC exotic options, if anyone has any interest/input hit me up
WILLdude: Were
the recent dividends unusually high?
ThickAsThieves: each operator has
their own details for how
they manage
their asset
ThickAsThieves: if you buy your shares from an exchange, some of
the operators do
take a % as a management fee
assbot: Last
trade for S.DICE on MPEX was at 0.0033 BTC [-]
mircea_popescu: irl banks aspire
to
the vaunted "tbtf" status, which means
their mpoe bondholders are
the
taxpayers, and
the interest rate is fixed
benkay: (as if
to imply
these conversations and businesses are not real...)
benkay: mircea_popescu: what is
the risk distribution and capital structure of afk banks you avoided with
the MPEx structuring?
benkay: it's
the contrast I'm lacking detail on.
benkay: I understand
the MPEx/MPOE structure fairly well,
tsp.
benkay: what is
the structure of afk banks, and
the risk distribution
therein?
mircea_popescu: the value of
the capital structure of course being
that risk is correctly distributed so as
to not generate
the sort of problems irl banks have
mircea_popescu: sometimes it makes a killing, like
the 10k in jan or w./e it was
benkay: makes some guesses about where price will end up based on whatever, and when
those numbers are exceeded and
there are options
traders on
the other side...
benkay: hence why
the bot
takes it hard during months of huge moves
mircea_popescu: option
traders make money *(from
the bonds) when
they are right
benkay: mircea_popescu how would you describe
the underwriting operation?
thestringpuller: I
think people short sold because buying was
too expensive.
mircea_popescu: atm
the market is flat and im making a
ton because people shortsold.
mircea_popescu: <benkay> b0n1: mp is running a a financial operation
that makes money when
the market stays flat. <<
this isn't actually right
thestringpuller: it's only when
the volatility is so extreme
that insuring against price momvements is like
trying
to provide flood insurance during
the great flood
benkay: actually,
this might be a good
time
to subscribe
to an MPOE bond issuance.
jborkl: that is just what I am
thinking
benkay: b0n1: mp is running a a financial operation
that makes money when
the market stays flat. he'll want
the market
to stay flat.
jborkl: I don't
think so, I
think I will not see anything - minimum 1 month
jborkl: shit, I have been saying
that since November
jcpham: jborkl: just
two more weeks!
dub: jborkl: what channel is
that from?
thestringpuller: ideally I would
think mircea_popescu would want
the price
to be stable more
than anything, despite
the spot price
benkay: "the only
thing feeps shear is being left out"
jborkl: <BFL_StevenM> New chip/board status: not arriving
tomorrow.
b0n1: i
think
there has
to happen something
to influence more people foreign
to btc. Cant imagine
that without an event with greater impact
the market could go out of
this quietness
b0n1: but couldnt
this happen a bit more up?
mircea_popescu: kinda sucked all
the benefit from speculators dry, got
the press,
that pie is eaten.
b0n1: feels like everybody fell asleep watching
the market
b0n1: pushing it up
to 150 would be good for business
too
gribble: BTCUSD
ticker | Best bid: 112.98000, Best ask: 113.34397, Bid-ask spread: 0.36397, Last
trade: 113.34398, 24 hour volume: 32826.20339078, 24 hour low: 108.80000, 24 hour high: 115.21589, 24 hour vwap: 112.01367
truff1es: probably has nothing
to do with Spanish being
the official language
truff1es: how many
teams will beat
team usa hmmm
truff1es: benkay on 2nd
thoughts, its hockey season
jurov: i luke
truffles (no homo)
benkay: nah
trufs don't need adoration, just attention
truff1es: im prob on
the least liked list
jurov: truff1es
that includes you
truff1es: ppl in
this room get upset when ppl dont adore
them
truff1es: he was upset
that addicts pat
themselves on
the back for kicking
their habits
truff1es: if most pplhave him on ignore
then???
jurov: i doubt assbot wants
to admint
tiberiusiv for
third
time
gribble: BTCUSD
ticker | Best bid: 112.05000, Best ask: 112.67230, Bid-ask spread: 0.62230, Last
trade: 112.05000, 24 hour volume: 33089.17796065, 24 hour low: 108.80000, 24 hour high: 115.21589, 24 hour vwap: 112.07752