915300+ entries in 0.641s
tiberiusiv: nobody is going
to lend your shitty bond fund more $
mircea_popescu: O.USD.C302T for instance will make about .25 each if price goes
there. so you need 100
these
gribble: BTCUSD
ticker | Best bid: 132.10000, Best ask: 132.39998, Bid-ask spread: 0.29998, Last
trade: 132.40000, 24 hour volume: 29432.97051216, 24 hour low: 126.01101, 24 hour high: 136.68000, 24 hour vwap: 132.09045
mircea_popescu: so
then you need calls
that will make 250 btc if price goes up 3x
mircea_popescu: i am suspecting
the bot is exactly right because everyone agrees price is making
them lose money
jurov: i had some preliminary idea with smickles
to have alternative bot
ThickAsThieves: I wanted
to do an options fund, but current pricing makes it seem like it'd most likely be a loser as well
jurov: and
then vote when
they should be sold/exercised.. yeah
mircea_popescu: as in, buy some options on
the same package as
the bond. maybe everyone buying shares gets
to vote which way
to go, calls or puts
mircea_popescu: jurov maybe an idea is
to get a limited hedging involved.
assbot: [MPEX] [S.MPOE] [PAID] 378.21006095 BTC
to 500`000`000 shares, 75 satoshi per share
jurov: We have one month hiatus
to come up with something.
jurov: folks, if
there is anyone still interested in MPOE bonds passthrough or has workable ideas,
truff1es: not very many people fit into
that, lifeguard?
Scrat: I used
to work close
to
the beach, would be sfw
then
benkay: success in comms is expressing
things in a way
that everyone understands
truff1es: even
though it made mp look less of an ass
to me, still gonna
throw in my jabs
ThickAsThieves: sometimes my words mean more
than what
the dictionarys defines
them as
truff1es: i
thought he wanted
to know
their level of experience or image..
benkay: everyone has
the right
to question
ThickAsThieves: but really, it started as benkay asking what give mpoe-pr/mpex/mp
the right
to question others experience, and
turned into, i dunno
ezdiy: (but
the statistics holds indeed)
ThickAsThieves: it's amazing how
this conversation gets more and more interesting
ezdiy: to lump it all
together does not seem right
mircea_popescu: well other
than
that i was answering
the q of how long im doing something
benkay: but
there's lots of noise in
the market and some
traders manage
to beat
the mean year after year
mircea_popescu: just making
the point
that information will leak is
this proposition of statistics
benkay: that's more of a signal
to noise claim, sir.
benkay: 0 information leakage is a secret kept by 1 person. some information leakage happens when more
than 1 person knows stuff. eventually, all information will leak. infinity?
mircea_popescu: some people met in person lol. some haven't. each his cup of
tea
ThickAsThieves: so at
this get
together, did some people not
tell others who
they were?
mircea_popescu: since i'm doing it it's not 0. unless some sort of obvious 1 hits me over
the head
benkay: and you anticipate maintaining
the privacy wall indefinitely?
mircea_popescu: other
than
that, some people don't care, which is why you get
the names/mugs of some people.
mircea_popescu: now,
the coders are often uninterested in
talking
to
the public.
mircea_popescu: that's as
to why you will likely never know who's on my short list of people i
talk
to / scream at / with on macroeconomic
topics, finance etc.
mircea_popescu: ws people were involved since 2011/early 2012, in
the only way
they could be.
mircea_popescu: so,
to round
this up : for all
the bullshit "we're getting ws involved" coming out of purely puff style start-ups like coin-whatever,
mircea_popescu: now.
the compliance officer is NEVER going
to ok something like "bitcoin". because he only ok's on positive factual knowledge it's ok.
mircea_popescu: people (actual people in
this chan) have been sacked for nonsense like,
telling a reporter
they make a lot of money and are living
the life.
benkay: got it. so everyone's doing
this as a side job?
mircea_popescu: the rule - simplified - is
that nobody can get involved into ANYTHING related
to
their day job even vaguely
mircea_popescu: benkay basically, it's a
team of people with various
types of licenses, a boss, a compliance officer and some more sdupport roles.
benkay: mp knows i'm actually
trying
to learn stuff
ThickAsThieves: I'm not sure why eother of you
think
this conversation will go anywhere
benkay: in
the us?
to an extent. in romania? no clue.
benkay: why can't
they get involved? risking
their licensure?
mircea_popescu: i
talk
to
these people. well...
they can't get involved.
mircea_popescu: no listen.
the year is 2011. i get excited about
this new btc
thing. i know what it needs
to have a chance. i know i need help. i know whose help i need.
benkay: also I hate asking questions
that have been answered already. aversion
to repetition and all
that.
benkay: but if you hire
them and
their compliance officer?did you contract with existing financial firms
to do accounting and backoffice etc?
mircea_popescu: benkay indefinitely in principle. unless something happens
to show me
the model is fundamentally flawed, i
think it will carry on forever.
mircea_popescu: this because being a financial professional is highly regulated,
they'd have
to get an ok from
their compliance officer,
benkay: so
this veers into philosophy and prognostication, but how much longer can anyone expect any information
to remain unindexed?
mircea_popescu: is if you swore on dead saints you will never release
their name
mircea_popescu: it's an issue here, i mean : for years
the ONLY way you could get anyone with any sort of license
to even consider bitcoin
ThickAsThieves: benkay, i suspect mp's people would prefer
their privacy over "image"
benkay: and you're endeavoring
to write new rules, I get it.
benkay: so returning
to culture shock, I'm accustomed
to
things being indexed instead of known
mircea_popescu: not really, no. but anyway. it isn't/never was a matter of "do some research child". in
the sense
that i answered if asked, but in general stuff is known.
benkay: I guess I'm just bemused by
the difference in approach
towards image in your area.
thestringpuller: we should drop
this exchange nonsense and get into
the lingerie business yo
mircea_popescu: if he doesn't
trust me
that's pretty much of no import. if i don't
trust him
that's a serious impairment on his future.
mircea_popescu: after all, i'm not proving myself
to random unknown noob on
the forum
benkay: which induces a bit of culture shock, in
that i generally expect people
to be proud of
the
team
they work with, and eager
to show
that
they're above board and real grownups etc.
benkay: but if I say, 'dear mircea_popescu, where would I go
to learn about
the amazing
team you've assembled
to run your business?' your answer is 'do some research, child'
mircea_popescu: in other words : none of
this is a secret, it's known by people who care
to know as it were.
mircea_popescu: the famous court proceedings where i beat back
the romanian govt had been amply linked but i guess you never saw
that.
mircea_popescu: martha is already named
there. she's named on
the domain registratiosn
too.
truff1es: those
things dont concern me lol
benkay: but who are
those humans?
truff1es: benkay did u miss
the show and
tell picture
benkay: chat logs are not public declaration of
team makeup.
benkay: i'm
trying
to highlight
the double standard of "no pro-grade
team called out on site, where
team is expected
to be called out" vs
the MPEx approach which is "MPEx is run by someone well versed in power dynamics and getting people
to do
things.
trust him
to select
the right people
to do
things."