946700+ entries in 0.679s
mjr_: is
that outstanding?
mjr_: what does
the (4 shares, 0.96 BTC) mean?
mircea_popescu: costs you about half a btc
to buy, get 2 satoshi per if you sell
assbot: You know, I've had it up
to here with
this Indian malarkey.
Chaang-Noi: what is
the price on a call option for 30 d for 75 btc?
mircea_popescu: "we hope
to be able
to finally be back
to regular delays by April."
mircea_popescu: that line got 30k worth of
trades
thios month, it;'s been crazy
gribble: BTCUSD
ticker | Best bid: 53.79901, Best ask: 53.80000, Bid-ask spread: 0.00099, Last
trade: 53.80000, 24 hour volume: 89545.76316294, 24 hour low: 47.31000, 24 hour high: 54.28880, 24 hour vwap: 50.13851
mjr_: well...perhaps
there is something
to
the old saying "neither a borrower or a lender be..."
tiberiusiv: largest losses will happen
to creditors like germany at some point
tiberiusiv: thats all from operational debt incurred
to expand production of cars nobody could afford
tiberiusiv: notice how german industry bought up so many firms over
the last decade?
mircea_popescu: well... perhaps exaggerated but certainly something
to it.
tiberiusiv: in
the meantime all your factories are leveraged
to
the hilt from borrowing
to expand,
to meet fake demand
tiberiusiv: then
the bill comes due and no one can pay
tiberiusiv: think of germany as a large department store, and all of its customers use only
the store credit card
to purchase goods
mjr_: trade surplus just means "we make
things people want"
tiberiusiv: which are
trade surplus nations like germany
tiberiusiv: mircea: if it wasnt
too large
to inflate,
then greek bonds would have been made 100% whole
tiberiusiv: total credit market debt in US is 58trillion, bernanke is having a difficult
time creating 3tril
tiberiusiv: in advanced economies
the bond markets are huge,
they will increase rates on any inflate attempts
tiberiusiv: problem with
that arguement is
the debt size is simply
too large
tiberiusiv: well
the only other option is
to attempt
to inflate away
tiberiusiv: plus all
the real wealth in
the world will not be lost
mircea_popescu: this is
true, but no government ever has or ever will survive a one
third haircut of assets.
tiberiusiv: 70 years of debt creation has
to end at some point
mircea_popescu: lol listen
tiberiusiv, something like a 30
to 40% haircut => collapse.
jurov: tiberiusiv, can i extend
that
to coinbr? but i have everything on mpex anyway :/
tiberiusiv: i
think people should lose 100% of
their deposits
mjr_: but you still can find fault with
the one hurting
them
mjr_: and again,
they get hurt, but not because
they deserve it, it is of course in
their best interest
to look out for
themselves and not get hurt
mjr_: whether
they should have seen it coming does not excuse
the fact
that
they did
that
tiberiusiv: instead of spending most of
their
time watching sports and drinking wine
they should have devoted even 30minutes
to read
the bear case
mjr_: just saying,
this is
the reason i don't
trust
them
mjr_: anyway, i'm with you on
that, don't
trust govt or banks
mjr_: they weren't using
the bank as a "tax haven"
they were using it as a "bank"
tiberiusiv: well
theres a reason
they are average and working
mjr_: i'm just saying, more
than likely it will be small business owners and average working people who will be hurt in cyprus
tiberiusiv: not
to mention cyprys residents had 6 years since greece became shaky
tiberiusiv: you have
thousands of years of history
to look back on government defaulting
mjr_: since all you gave me in return for my money was your promise
to pay,
the fact
that you can't do
that one
thing...scammer
tiberiusiv: thats your fault for
trusting in government
mjr_: the point is i gave you money, you said it was insured and
that you would pay it when i asked, you broke your promise
to pay
mjr_: i am sure lots of people (prob
those least likely
to be harmed) got
their money out
mjr_: that is not
the point
tiberiusiv: why were
the locals all surprised, did
they not read
the news for
the last 24 months lol
tiberiusiv: how is it a sudden
thing? everyone knew cyprus banks held all
their assets as greek bonds
tiberiusiv: mjr_: depositors had over 2 years
to realize cyprus banks were bust
tiberiusiv: chaang: for example in
the US,
the FDIC has maybe 1% in reserve
to cover deposits
tiberiusiv: chaang: its impossible for
the government
to insure
the accounts,
the insurance fund does not even cover 1%
mjr_: scammer
tag on cyprus govt?
tiberiusiv: and
there wont be quality assets for
the fed
to buy
Chaang-Noi: so
the insurance is not being paid? lulz,
time for scammer
tag
tiberiusiv: if rates rise in
the US
the entire banking system will be insolvent
mjr_: you have a promise from
the bank
to pay you when you ask
mjr_: yes, you don't actually have money in
the bank
tiberiusiv: same is in
the US, all deposits have been lent out,
they are sitting in mortgages, ccs, bonds, carloans
tiberiusiv: you dont care what
the bank does with
the $
tiberiusiv: bowjob:
the cyprus banks held all
their $$ in greek bonds
tiberiusiv: bowjob: most of
the depositors in cyprys were earning high rates for a decade +
gribble: There are currently 5818.8542 bitcoins offered at or under 55.0 USD, worth 319138.813903 USD in
total. | Data vintage: 0.0012 seconds
Bowjob: I checked my bank,
they advertised 1.89% GIC for 18 months as sizzling rate
tiberiusiv: cyprus losses are positive for
the euro
gribble: BTCUSD
ticker | Best bid: 53.99001, Best ask: 54.00000, Bid-ask spread: 0.00999, Last
trade: 54.00000, 24 hour volume: 87866.28367331, 24 hour low: 47.31000, 24 hour high: 54.00000, 24 hour vwap: 50.05095
Bowjob: tho,
the food is pretty nice
Bowjob: thailand seems a scary place
too. ive seen bloated bodies everywhere
Bowjob: i
think ill just stay in canada. ive seen
too many beheadings
kakobrekla: yeah i was paranoid
too when i was checkin prime miner
Bowjob: but I fear I might be a
target as a
tourist
Chaang-Noi: 2/3 of
the money is russian money.. and
tehy
thought
the russan govt would
tax it, muhahahaha
Bowjob: I wanna
travel
to some other countries..
mjr_: less smart
than people with money in bitcoins
mjr_: smarter
than people with money in cypriot banks
Bowjob: suddenly people who have money in
their mattress seem so fucking smart
gribble: There are currently 579.33782 bitcoins offered at or under 54.0 USD, worth 31281.906441 USD in
total. | Data vintage: 40.3135 seconds
Bowjob: infinitely better
than bfl, actually
Chaang-Noi: its hard for me
to order batch 3 with not fully on batch 1
Bowjob: i wouldnt mind reselling
them