944900+ entries in 0.722s
mircea_popescu: of course simple idiopathic schizophrenia always works as an explanation
too. it doesn't have
to be drugs.
mircea_popescu: anyway,
tiberiusiv : nobody really knows. my
theory is
the head chav got a bad dose, went psychotic,
thought da polis is after him, deleted everythign
smickles: lol,
that pic "wall street,
the center of american finance" with what looks like a highwayman and a security camera looking
the other way
mircea_popescu: you come quoting wikipedia in
this discussion insults are
too good a fate.
Chaang-Noi: he can do morethan 1
thing at 1
time...
mircea_popescu: this is because companies are not in finance,
they are in whatever
the fuck
their ops are.
mircea_popescu: you know how companies floating
themselves retain
the services of banks ?
tiberiusiv: what ended up being
the reason for glbse closing
mircea_popescu: it's actually worse
than
the usual glbse / usagi crap.
Chaang-Noi: selling stock
to get money
to build a company, if
that is not finance i dont know what it is
gribble: Error: I am not seeing
this user on IRC. If you want information about a registered gpg user,
try
the 'gpg info' command instead.
tiberiusiv: well
they used BTC as a medium of exchange
mircea_popescu: so
then let's make a new deal : you can't refund btc, you can't
take btc.
tiberiusiv: BFL would be massively insolvent if
they had
to issue full BTC refunds
Chaang-Noi: your girl
thinks bitcoin community = WoT
tiberiusiv: but
the BTcs were instantly sold by bitpay
mircea_popescu: no,
they pretty much get
to walk away with whatever
they scammed off
the idiots
thinking
they're
the btc "community"
Chaang-Noi: i
think
there is a rule
that you have
to wait 3 months after ordering or something
mircea_popescu: but basically people get a 95% haircut if
they refund, so...
Chaang-Noi: yeah, i dont
think
that is going
to work cuz
they keep going home with nothiong
mircea_popescu: to prop, you know, stick a bit of wood in
the way of a collapsing wall
mircea_popescu: course it's much like inaba
trying
to prop bfl, you don't prop flagging scams with retarded
trolls.
Chaang-Noi: i guess i dont understand what he is doing
there
mircea_popescu: so is Luke-Jr going back
to bfl by early
to mid next week ?
Chaang-Noi: we spiked up
to 65.3 and i got all
tingely for nothing
mod6: well, i
thought it was funny anyway.
gribble: BTCUSD
ticker | Best bid: 64.20000, Best ask: 64.41999, Bid-ask spread: 0.21999, Last
trade: 64.41999, 24 hour volume: 91269.99747505, 24 hour low: 57.70200, 24 hour high: 66.00000, 24 hour vwap: 62.38443
mod6: (19:24) < mircea_popescu> "Given
that Krugman is against bitcoin,
the
thing is certain
to succeed." << one of
the best comments on
that ZH article
mircea_popescu: but yes, you can make a pretty penny if you have
the capital
pizzaman1337: I need more BTC, I want
to play
this game
too...
smickles: pizzaman1337:
the neat
thing is
they do it over and over
smickles: you pay for and order
the goods,
then
they company may or may not even make
the product, if
they do, you might not get it
smickles: "There’s a reason supplying works a certain way. I order
the goods, you deliver
the goods within a couple of days and get paid within a couple of months. NOT
the other way around. Never
the other way around." mircea_popescu you must have a look at
the kickstarter model
pizzaman1337: if I'm doing my math right, it seems
that person made > ~$100k? crazy
PAPASO: buy i dont know how
to use
this system
smickles: it could be implied
that noone here is friendly
to
the chinese other
than rick. which isn't
true ofc
PAPASO: yes, i want
to
trade option
smickles: heh, it's just
the way you answered
smickles: mircea_popescu: lol, you hate
the chiners?
Namworld: true.
There's a minimum price for options.
mircea_popescu: otherwise you could go 100k btc into mpoe bonds,
then just buy cheap options and siphon interest away
mircea_popescu: if you look at
the book all puts under 50 or so sell for 0.05351801
pizzaman1337: the mpex bot didn't price all of
those options at 0.05351801, did it? how did
they close at
that level? (did
the person
trading have limit orders?)
mircea_popescu: "Given
that Krugman is against bitcoin,
the
thing is certain
to succeed."
gribble: BTCUSD
ticker | Best bid: 64.10001, Best ask: 64.38999, Bid-ask spread: 0.28998, Last
trade: 64.38999, 24 hour volume: 91573.17154420, 24 hour low: 57.70200, 24 hour high: 66.00000, 24 hour vwap: 62.35274
smickles: futures are diff, love
the pun
pizzaman1337: I was wondering why
the options mpexbot had up seemed high
mircea_popescu: thing is,
to make
the
thing real crazy, futures (the fiat ones) used
to be settled 4th friday
pizzaman1337: mircea_popescu: maybe I'm not interpreting
this correctly, but from stat: "To which add sums deposited as surety for 4th Friday settled option and future contracts"
kakobrekla: > goat: well yeah, you know,
this almost sounds like a scam :/ [on BFL] <- lol your standards
mircea_popescu: All options expire on
the last minute of
the last Friday of
their month (UTC
times).
mircea_popescu: i guess he's buying it back on
the
theory
that he doesn't want
to earn
that last .05 at
the risk of one full week
smickles: ah, i see
that on
the chart now
tiberiusiv: really would like
to see a stronger bid wall
smickles: i guess
that was cutting losses from earlier ?
Namworld: or
Toronto prices are really high... but wages
there are among
the highests in Canada.
gribble: BTCUSD
ticker | Best bid: 64.30000, Best ask: 64.40174, Bid-ask spread: 0.10174, Last
trade: 64.40175, 24 hour volume: 92312.92023534, 24 hour low: 57.70200, 24 hour high: 66.00000, 24 hour vwap: 62.32727
smickles: at face value,
that looks like a hard short
smickles: woah, what is
the
table
trader doing
Namworld: I
think we might just not have
the same definition of minimum needed.
tiberiusiv: the roads are
third world
though in QC
Namworld: We're
talking about something like 1/8th less
than Ontario I
think.
Namworld: QC ain't really poorer
than
the rest of Canada.
Namworld: Possibly
the same in Vancouver.
tiberiusiv: quebec has 20% youth unemployment rate
thanks
to
the min wage
Namworld: You probably struggle on minimum wage in
Toronto, but wages are higher
there, just like rents.
gribble: BTCUSD
ticker | Best bid: 64.65552, Best ask: 64.74999, Bid-ask spread: 0.09447, Last
trade: 64.74999, 24 hour volume: 92565.60276454, 24 hour low: 57.70200, 24 hour high: 66.00000, 24 hour vwap: 62.28030
assbot: Some are born
to endless night.
Namworld: I
think it got raised recently, maybe more
than
that.
Namworld: Your prices are for
Toronto. And
toronto jobs
tend
to pay much more
than minimum wages. So are living costs.
tiberiusiv: and montreal is more european
then american
tiberiusiv: quebec cost of living is 30-40% lower
then ontario since half
the population is poor