933200+ entries in 0.624s
jurov: smickles, if MPBPT would be redirected
to soebot instead, would you know how
to limit possible loss?
jurov: if i found a way
to improve it, i'd certainly spam it around everywhere :D
jurov: o, CoinBr.MPBPT-* link is
the raw
thing, just sliced
to 0.1BTC parts.
smickles: ThickAsThieves:
thanks for
that link :)
smickles: jurov: i don't like
the limited gain with unlimited loss, and
the delay of moving into and out of it. maybe i should look at
the coinbr offering on bitfunder
jurov: smickles, care
to elaborate?
smickles: jurov: i don't
think mpbor are a good investment
jurov: ... well,
that needs quality
time with spreadsheet.
jurov: a fund
that invests 60% into bonds, 20% into calls, 20% into puts
jurov: Actually, I
think we're onto something here for someone who has
the balls.
jurov: what made 20% in March
to offset bonds loss?
thestringpuller: If writing options are bad one month, perhaps
there was drought so
there were 0 flood insurance claims
jurov: ... so
the best hedge is
to put something into mpoe's other end
gribble: mod6 was last seen in #bitcoin-assets 25 minutes and 14 seconds ago: <mod6> I AM
THE CLIT COMMANDER
jurov: i already advised bondholders
to hedge using options (and i actually did myself)
thestringpuller: MPOE passes exposure
to bondholders, bondholders should be able
to pass exposure
to another party
thestringpuller: Diversification or other parts of
the portfolio. You make some revenue from
the 10% under bid.
jurov: so , if you were
tahat service, you'll place a bid at, say, 0.09 (nominal value is 0.1)?
jurov: perhaps it would be best
to explain on practical example of MPBPT
thestringpuller: Bondholders have no way
to exit
their position if
things go bad
thestringpuller: Bond holders however can sell
their stake
to some service who specializes in hedging. For when
things go awry
jurov: still i don't get it. MPOE is obliged
to pay out exercises, not "as it sees fit"
thestringpuller: Via another asset
that paid off or some other revenue stream
thestringpuller: That's
their job. Internally
they can cover
the losses anyway
they see fit.
jurov: and who will eat
the loss
then?
thestringpuller: So provide a service
that buys mpoe bonds essentially at some price if
things go bad
jurov: thestringpuller, I
think S.MPOE moves quite independently from
the bonds, no?
gribble: mod6 was last seen in #bitcoin-assets 7 minutes and 55 seconds ago: <mod6> I AM
THE CLIT COMMANDER
jurov: Monthly fee was halved due
to March problems.
dub: this
toshiba clit is
too small, rough
to
the
touch and blue
mod6: I AM
THE CLIT COMMANDER
benkay: sounds like a waste of
time
jurov: these last 3 bbet
trades were particularly derpy... inb 3 coinbr users
jborkl: at
this rate SD will be over 4 million bets
tomorrow
thestringpuller: mircea_popescu : since mpoe is like "ground" in
that option hedges flow
to it, one could provide a second
tier of insurance
to
the bondholders. Essentially cutting up
the exposure and selling it off...
thestringpuller: Someone could provide bondholders a service
to hedge
their risks
nanotube: smickles: pong. redirect help
to list you want?
thestringpuller: mircea_popescu i
think you have provided an opportunity given you don't hedge
Namworld: at
this rate in like 5 weeks we're at infinite USD/BTC
gribble: BTCUSD
ticker | Best bid: 105.48528, Best ask: 105.99000, Bid-ask spread: 0.50472, Last
trade: 105.48528, 24 hour volume: 85532.71774427, 24 hour low: 92.20000, 24 hour high: 105.99000, 24 hour vwap: 99.52134
Namworld: at
this rate BTC either replaces other currencies or makes
the msot epic crash ever...
Namworld: ziggap is down
the drain in value
benkay: or she's playing
twitter
the same way you play poe.
mircea_popescu: @JessicaKRoy 10m @Mircea_Popescu Is
that you in your
Twitter background??
mircea_popescu: @Mircea_Popescu 13m @JessicaKRoy Strippers everywhere have been doing
this for many many years.
benkay: strong similarities
to nethack
jurov: i'll rather keep his name secret
to prevent embarrassment
jurov: well, one of -assets core denizens just failed
to notice options renaming and freaked out
benkay: it's
too hard
to do surriousface while my
toes are getting
tongued
benkay: the
toes
thing always makes me giggle
smickles: aw, crap. I'm going
to give
that a
try now, i suppose
mircea_popescu: stuff
to do when you're sick. have
toes suckled, play poe, jasmin
tea...
Bugpowder: so is
this related
to
the founder's reported breach?
mircea_popescu: here's explanation for non inclusion of instawallet
txs
Bugpowder: maybe
there could be a scaling index on
the mpex site
that you could use
to calculate
the estimate
smickles: Bugpowder: well, it would reveal his account of
the volatility, since he's said it has
to do with volatility based insurance
Bugpowder: Does
that reveal
too much about
the mpoebot pricing algo?
Bugpowder: how freaking hard is it
to just publish
the actual formula?
smickles: I
thought
that I had just given up on it when i put in a 10% wiggle room
smickles: also,
this not being able
to accurately predict how many puts i'll get out of a SPLIT is f-ing killing me
smickles: ThickAsThieves: i
think it was part of
the play-by-play on
the walls
ThickAsThieves: is
that
tiberius getting zinged, or did i do somehting dumb again?
jurov: mp said clearly
they are one asset ... so i believe all collateral is put
together
Bugpowder: I discussed
this at great length 6 months ago with mp, I forget
jurov: at least i'll have a reason
to annoy mp again if
they fizzle out at 0.15 :D
Bugpowder: if
they were generated after March closing, yes
jurov: i believe
the aren't diluted so much... but it's quite a shaky bet
jurov: ^
thoroughly reviled
them, but decided
to buy
them... feels dirty now.
smickles: ya know, i
think i actually wanted
to use depth, anyway :/
kakobrekla: that aside, how can one man band
take a 3 days off like dat
mircea_popescu: his problem is more failing
to address deprived's points
than anything.
kakobrekla: >>[16:27] <aethero> Man, all
these people
thinking I ran off with money. Kinda sad. 3 day outage and I'm a
theif now.
mpexbot: smickles: An error has occurred and has been logged. Please contact
this bot's administrator for more information.
mpexbot: smickles: An error has occurred and has been logged. Please contact
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mpexbot: smickles: An error has occurred and has been logged. Please contact
this bot's administrator for more information.
Bugpowder: The inexorable rise of
the calls... mmm
tastes good
mircea_popescu: when disaster strikes
there's nobody
to coordinate corporate efforts
mircea_popescu: you know...
this is
the disadvantge of having coders pretend
they're ceos