log☇︎
912000+ entries in 0.537s
taub: but like betting 1btc to maybe make 0.1 on some options
Namworld: Prior to that, it was bad...
Namworld: at the rate currently asked, the risk/reward is really good...
taub: mp basically turned off his bot
taub: the risk/reward in writing the options is really bad :s
Namworld: Too expensive to me
Namworld: like the best calls have breakeven points over 140 USD/BTC and best puts have breakeven points under 77 USD/BTC
Namworld: myeah, your puts are still way too expensive
ThickAsThieves: but probly cheaper than bot
gribble: There are currently 182080.75 bitcoins offered at or under 1000.0 USD, worth 35457841.568 USD in total. | Data vintage: 0.0105 seconds
gribble: There are currently 27346002 bitcoins demanded at or over 0.0 USD, worth 15756343.4933 USD in total. | Data vintage: 102.9880 seconds
Namworld: I think I'm going to start buying options, if anyone wants to sell either call or puts. Seems the MPEx bot is asking for way too much.
tiberiusiv: bugpowder: markets dont really respond to external events other then for very short time periods
tiberiusiv: but the absolute MIN is 341
tiberiusiv: if the 110% is higher that one applies
ThickAsThieves: the minimum is raised to actual revenue
tiberiusiv: if the 110% is GREATER that means that one applies.
ThickAsThieves: you had to go and turn into a fuckface again
tiberiusiv: can you learn to read?
ThickAsThieves: so you'd sign a contract that required you to make 110% every year for 10 years?
tiberiusiv: a betting parlor in a 50k population town can do 30k a month
ThickAsThieves: at any revenue total
tiberiusiv: he has to grow minimum 10% a year
ThickAsThieves: that means they cant have two bad years
tiberiusiv: 110% of the previous year.
tiberiusiv: um those revenue commitments are tiny
maximian: yeah $75 is outrageous, but that's usual when filing a claim
tiberiusiv: mtgox isnt even worth that
tiberiusiv: they just have 0 integrity and always a chip on their shoulders
tiberiusiv: and stick to coding and other mundane tasks
ThickAsThieves: and rather than suing simply said fuck it
tiberiusiv: but why did they break contract
ThickAsThieves: CL just wants a settlement to go awaya
ThickAsThieves: they wont need to pay
tiberiusiv: mtgox dotn have 75mil to pay lol
ThickAsThieves: which this whole bubble is propped up on
tiberiusiv: why didnt mtgox follow through
maximian: Peter Vessenes: "I want to do what's right for bitcoin!" <launches $75M lawsuit against largest exchange>
tiberiusiv: i dont think the price goes anywhere which is what i said 2 weeks ago
tiberiusiv: where it goes to 0
ThickAsThieves: much more interesting than the lawsuit doc surely
ThickAsThieves: tib it can easily be argued that we are at the end of bubble just like the last one
tiberiusiv: bottoms like that
tiberiusiv: events like that are VERY rare
tiberiusiv: and that was massive capitulation
tiberiusiv: it looks like that now
Bugpowder: This is what it looks like when you are about to hit the bottom.
tiberiusiv: if the price goes down its because of overall negativity vs some irrelevant news event
tiberiusiv: the market has already reacted to the news
Bugpowder: tiberiusiv: thats how it looks when people are market selling in the crahs
tiberiusiv: in anticipation of the so called new coins selling
ThickAsThieves: in the direction
ThickAsThieves: they love to go all in
tiberiusiv: bugpowder right but others would have already pulled their bids.
ThickAsThieves: when speculators see a reason to go in one direction
Bugpowder: it takes 1 hour to get fresh coins onto gox
ThickAsThieves: tib theres something you are not considering
tiberiusiv: shit like that is already priced in
tiberiusiv: i see barely any coins even up to 110
Bugpowder: Just wait till 6 confirms
tiberiusiv: order books arent really that great predictors
Bugpowder: also, no new cash in gox till Tuesday due to bank holiday.
Bugpowder: This one is going to be VIOLENT
gribble: There are currently 130084.86 bitcoins offered at or under 200.0 USD, worth 19759880.577 USD in total. | Data vintage: 6.0111 seconds
ThickAsThieves: you rock thx
gribble: There are currently 140374.12 bitcoins demanded at or over 50.0 USD, worth 9953163.58318 USD in total. | Data vintage: 0.0060 seconds
Bugpowder: tiberiusiv: I think you might be colorblind
tiberiusiv: it was at record too
tiberiusiv: at the 200's
Bugpowder: well I moved my 82 bid down to 76
tiberiusiv: also that relationship is usually reverse
Bugpowder: tiberiusiv: the ask side coins are at an all time high, what are you smoking?
tiberiusiv: bad news always comes out AFTER the market already tanked
tiberiusiv: there really isnt much coins on the ask size
tiberiusiv: i dont think so
Bugpowder: we are going to fucking tank
OneFixt: looks like a bounce off the 97 support
Bugpowder: I think I should pull my $81 bid
Bugpowder: IIRC the original photo in the CoinLab announcement story was him and the other guy at a club
Bugpowder: many more shares on MPEX than a few months ago
Bugpowder: tiberiusiv: What is relevant is the satoshi per share
tiberiusiv: doing 100mil deals but cant spend the 1500 for a tailored suit.
Bugpowder: probably blew a quarter of the funding up his nose
Bugpowder: it was more than the eyes, it was the clothes, the typos on the website, etc etc
Bugpowder: wear a fucking suit if you are going to handle $100M, OK
Bugpowder: They ran out of money and figured suing Gox was less painful than a down round
tiberiusiv: explain thickasthieves
ThickAsThieves: they got sad that gox wised up
tiberiusiv: what happend to coinlab
Bugpowder: Also sent to a friend at Durie Tangri
dub: Mark currently serves as CEO of Mt.Gox, one of the oldest Bitcoin businesses in operation today. He is the mastermind who created the current trade engine and the multi-currency platform for Mt.Gox.
Bugpowder: I will ask my wife about this
ThickAsThieves: this whle thing makes the bitcoind foundation look silly too
Bugpowder: LOL CoinLaboffered its credibility, market insights, relationships with established banks and investors, and intellectual property and agreed to manage and market the exchange services in North America
Bugpowder: I haven't asked her, but I suspect this suit will be dismissed immediately in summary judgement
ThickAsThieves: of course thats false, we all knew that
thestringpuller: ;;later tell mircea_popescu apparently http://ireport.cnn.com/docs/DOC-966426 is false
ThickAsThieves: id coinlab meet their own obligations?
ThickAsThieves: and whther ther contract had stipulations for what to do in that event?
ThickAsThieves: does it mention dates that gox committed to and missed