940500+ entries in 0.688s
MJR_III: did you see
the number of
tickets available?
mircea_popescu: but
they can't publish
that as it'd
tell a real sad story.
Bugpowder: mircea_popescu: I am not interested in
the BTC number, just
the USD
total
Bugpowder: more useful would be
total current deposts.
MJR_III: in some ways it makes more sense
to
think of SDICE as a private equity stake
Bugpowder: the is
the lower bound of cash on hand at mtgox
mircea_popescu: s.dice paid ~70k btc in a year and
the average mkt cap past month is 500k
gribble: There are currently 40223789 bitcoins demanded at or over 0.0 USD, worth 7129667.659 USD in
total. | Data vintage: 97.4144 seconds
MJR_III: this is completely ignoring
the matter of jurisdiction of said legislation
mircea_popescu: lol @ "unless
there is legislation STOPPING you it is implicityly legal" "WRONG" part
MJR_III: which is why i like bitcoin
trading...i don't have margin calls
to worry about
MJR_III: i'm about
to watch margin call...but
that very word makes me feel ill
MJR_III: actually
they should have claimed
that it was a liquidable asset
MJR_III: i was watching rogue
trader
today...they sold nick leesons
trading floor jacket for 21,000 lb
mircea_popescu: course corps like s.dice have no choice in
the matter, as
there's no practical way
to deploy.
MJR_III: but again...valuation is
the key,
that is basically what caused 2008 crises
mircea_popescu: so in a very macro sense you are better off as a portofolio investor with
the "have
to sell ot realise" paradigm, as inconvenient as it is
mircea_popescu: and
the 1-10 btc holders who move
the price 30
to 70
to 30
to 70
MJR_III: i am in
that boat now with sdice
mircea_popescu: or moreover, fractured :
the big
time holders who don't participate in price formation
mircea_popescu: the fact
that stocks work as bonds (ie,
they issue dividends)
MJR_III: if i believe in
the company i'd rather just buy and hold...but sometimes you need
to
take some profits
to rebalance
MJR_III: mircea_popescu: i agree...but i don't like having
to sell a position
to
take profits
mircea_popescu: Bugpowder exactly. which is why i see why
the cavirtex ppl wouldn't really want
to pay dividends.
MJR_III: smickles: it was in
that sense anti-troll
smickles: i was a bit of a
troll at some points MJR_III ;)
Bugpowder: dividends make sense if you have a strong income flow but not a good plan for applying
that capital
to company growth
MJR_III: AAPL being
the best example
mircea_popescu: and YES, buffett COULD wire himself all
their capital in uganda and run off.
dub: I like monkey paw green
tea
MJR_III: mircea_popescu:
that was kakobrekla's point of view
mircea_popescu: i understand
the value of dividends in decreasing risk
mircea_popescu: for
the record
tho :
the dividend-based corp valuation model is flawed.
jurov: wait
till mircea comes
to what
tibby
thinks about his sdice opinion
Bugpowder: tiberisuiv is a little puppy, very excited about all
these new ideas bitcoin has put in his head.
MJR_III: smickles really cut
the argument down
to its core
though, so good job
to him
MJR_III: it
tends
to repeat itself as
tiberiusiv keeps circling back
to his old flawed points
MJRIII: did you watch
the
tiberiusiv section?
mircea_popescu: smickles my npd goes as such : yest
told waitress she has a beautiful smile and it's a pleasure
to
talk
to her which made her smile compulsively like an idiot every
time she saw me and
then gave her a nice
tip.
today cooked pasta and had jasmine
tea (4 cups). so you
tell me.
MJRIII: rebate is really nice at
that price
MJRIII: once its up around $100 i can't wait
to just
trade for fun
mircea_popescu: but anyway, re shorts :
there were at least 20k btc
total in short positions at a few points
this month
mircea_popescu: except
those don't get mixed into
the main market info by design
taub: theres
this one site but it has high fees
arij: where can you
trade btc on a margin?
mjr_: and with
the dearth of margin (5 x 1 is good in btc
trading...300 x 1 is easy in forex) you can't put up
the imposing walls
that make people sit back
mjr_: the bigger
the market
the harder
to control
mjr_: or on
the flip side
trying
to keep price low while waiting for funds
to clear (stupidest
theory)
mjr_: trying
to maintain prices buy support buying or what have you
mjr_: price manipulators are usually fighting
the market
mjr_: don't realize
that
the wallmakers have all
the risk
mjr_: because all
those people who
think
that walls are conspiracies
dub: ;;gpg info
tradefortress
mjr_: and i don't
think
their volume is a huge percentage
mjr_: i wonder how many short positions
there really are
gribble: Error:
The command "get" is available in
the Dunno, Herald, and
Topic plugins. Please specify
the plugin whose command you wish
to call by using its name as a command before "get".
mjr_: seems like people forget about
the old cancel button far
too often
taub: yea cadsII, but people
think because bitcoin has great longterm potential
that
there wont be any dips or something heh
cadsII: taub: my understanding is
that
the wall is a large amount of sell orders
that were put on
the upper margin by bears.
mjr_: if
that isn't fucked up, i don't know what is
mjr_: the jacket he wore sold for 21,000X what barings was sold
to ING for
taub: so many stupid conspiracy
theories on
the forum
taub: can someone explain
the wall
theory nonsense
to me?
jurov: and it's at 72.4999, everyone fasten
the seat belt
jurov: is
the api back up? or nanotube updated?
gribble: BTCUSD
ticker | Best bid: 71.20001, Best ask: 71.85100, Bid-ask spread: 0.65099, Last
trade: 71.20001, 24 hour volume: 40755.29045224, 24 hour low: 62.70000, 24 hour high: 72.49999, 24 hour vwap: 68.61685
gribble: Rating entry successful. Your rating for user Namworld has changed from 1
to 1.
mjr_: but
the MKOPT seemed straightforward