940600+ entries in 0.614s
mjr_: only
that you will get a certain number of puts based on
the strike/current
jurov: according
to my understanding, split jusr divides provided amount into half
mjr_: split doesn't
tell you what margin requirements are exactly
mjr_: is
that not for split?
jurov: yes, but
there's some additional secret sauce
mjr_: Each PUT requires an amount of collateral equal
to strike / spot BTC .
Namworld: If Bitcoin was
to permanently become worthless, I'd gladly accept a pizza instead =/
jurov: that's quite a philosophical exercise, since
there will be only 21M BTC ever.
Bugpowder: obviously if BTC goes
to zero, you could just buy infinte BTC
to pay
the debt.
Bugpowder: the 2% creation fee pays for 'insurance' on
that possibility
Bugpowder: mjr_:
The minimum is 1 BTC. Any strike will go
to infinite BTC value if BTC falls
to $0.
jurov: max strike is 75 atm, planned
to be 200
mjr_: a put at $120 or so would be
the other side (not sure max strike atm)
mjr_: but if you figure
that's one end of
the spectrum
mjr_: now
that put would be more
than likely worthless
to everyone
jurov: my calculation was as per
the faq, but
there's some padding.
mjr_: at least
that is how it was explained
to me...i mean who needs more
than a 1 btc for a put struck at $1?
mjr_: the only
thing we know is
that puts are a function of strike so you could get multiple puts per btc or fewer
than 1 puts per btc
mjr_: it is possible
to create multiple puts for 1 btc
jurov: something more
than
that
mjr_: what is
the collateral requirement for a 70 put
mjr_: Bugpowder:
that is
the deposit on a 70 btc put?
mjr_: is
this at 70 strike?
jurov: i suppose i just confirmed
that <thestringpuller> Jurov is a big meanie head
jurov: bugpowder i
think
the only way you can sell
the idiffs is
to show proof
they are well covered :)
mjr_: i was saying
that i would simply place limit orders at
the price i wanted and get filled or no
Bugpowder: So much more
than 2.9x current diff
mjr_: who do
they buy from?
mjr_: Bugpowder: how is
that possible
Bugpowder: mjr_:
The depost on
the puts is large
mjr_: largest land deal in history up
to
that point
mjr_: like
they were epic...british bank selling louisiana
to
the US for France WHILE france and britain were at war
mjr_: dude, watching barings go under is kinda excruciating but
this movie is great
mjr_: going
to
try and sell some puts
to buy calls
mjr_: looking forward
to april options
mjr_: well, luckily
their possible losses are known
jurov: when
they do autocombust, i'll report
jurov: but was
too ashamed
to admit since
mjr_: so at .08
they look like a bargain for june
jurov: hate
to do commercial plugs but
gribble: BTCUSD
ticker | Best bid: 71.90999, Best ask: 71.91965, Bid-ask spread: 0.00966, Last
trade: 71.91000, 24 hour volume: 40908.12335116, 24 hour low: 62.70000, 24 hour high: 72.49999, 24 hour vwap: 68.36786
mjr_: but
then again no one is forcing you
to buy at
that price
jurov: but i
think it won't be worth it in any case
jurov: yes i
think it comes form last close, i would be
thankful if you enumerated all
the options
mjr_: so you are saying
that
the current ask is ridiculous...no one should buy it
mjr_: thought it went off
the last close
jurov: maybe 0.13 or maybe more, depending on when
the idiffs were created.
jurov: let's start from
the begin. you buy idiff.jun at 0.2499
mjr_: with
the seller losing his collateral
mjr_: for
the person forcibly liquidated at least
mjr_: but at a profit
to you of 2.9x i
think
mjr_: so i don't see
the problem
mjr_: oops, moved
the decimal
mjr_: so you need
to have up 40 million satoshi or 4 btc i
think for each contract
mjr_: no doesn't work like
that
jurov: well, do
the maffs yourself
then
mjr_: its a function of
the difficulty as of
the last futures contract known
mjr_: the difficulty at
that point i
thought
jurov: no one is sure what
the something is
jurov: not
that.
that
they can combust spontaneously befre difficulty even gets
to 25 million
mjr_: buying at
that ask at least
mjr_: that
they would need
to
triple
the difficulty for me
to break even?
mjr_: so
these june diff futures
Lyspooner: piuk wouldn't be selling unless
there were more problems
than queuing
mjr_: amazing
that anyone manages
to get coins with how much
the companies have fucked up in managing expectations
Lyspooner: it's
tough
to be in a queue
to buy bitcoins and see
the amount of bitcoins you can buy halved
mjr_: not voting with
their feet yet
mjr_: though people still use
them
mjr_: so
there is bound
to be friction
mjr_: they obviously can't keep up with
the demand
mjr_: didn't
think it was from blockchain
ThickAsThieves: i
thought i had seen his name as
trustworthy, but was unaware coinbase was for sale
jurov: from piuk? i
think not
mjr_: and in fact made about 300%
this month,
though i exercised early at 71
mjr_: Bugpowder: i
typically do
the same
thing. at
the money calls, hold
till end of month...haven't had an option expire worthless yet
mjr_: Bugpowder: i should have been scooping up some calls during
the lows
mjr_: but
that is pure speculation on my part
mjr_: i personally am expecting some news from sdice at some point in
the next few months...they have been quiet for quite a while
mjr_: going on about 13% of
the company defining its
true value
gribble: BTCUSD
ticker | Best bid: 71.90000, Best ask: 72.00000, Bid-ask spread: 0.10000, Last
trade: 71.90000, 24 hour volume: 40862.73469029, 24 hour low: 62.26100, 24 hour high: 72.49999, 24 hour vwap: 68.23128
mjr_: which is what smickles has been
trying
to
tell you
mjr_: as evoorhees is
the only manager
jurov: well,
then make new one
ThickAsThieves: actually i'd love it if you put 100btc against sdice on
that bet
jurov: tiberiusiv put some serious money on
that former bet, you will get
the liquidity