961900+ entries in 0.662s
iz: just because
the problem can be solved by stupidly
throwing money at it, doesn't mean it's not a problem
that could have a more elegant solution
dub: it spreads
teh cost of its spam attack
to idiots already willing
to
throw money away
jurov: anyone who wants
to accept
transactions
iz: maybe in 2 years
there is something else
that doesn't have
the same flaws being actively exploited
to
the detriment of everyone else..
iz: how many would care enough
to?
jurov: don't
tell me only 7 nodes can afford buying one harddrive per year
jurov: for
the same prices as 2Tb
today
dub: jurov: how much confidence will people have in bitcoin if
there are only 7 nodes
jurov: any business with some employees can afford
that
Ukto: somehow I didnt see you
talking earlier. hehe
ThickAsThieves: just amused
that
the guy
thinks he can lean so far in one direction and not fall over
iz: i'm just saying it's not a non-problem, not
that it's an insurmountable one
ThickAsThieves: i mean really,
the wait
time
to let qt sync was
too long for
the average person a while ago
Bowjob: if you didnt pay
the
tx fee, how long will it
take?
iz: transaction fees won't make a difference until we start hitting
the max blocksize
jurov: the blockchain is fine. I'll happily accept 1TB per month if
that enables btc
to be widely used
iz: basically we are recording all SD
transaction history in
the blockchain forever
jurov: oh not
this again....
iz: have you seen how much
the blockchain is growing?
iz: pigeons: SD will still spam
the network, regardless of
the fees
iz: everyone relays
transactions, even if
they don't pickup
the
transaction and regardless of
the fees
pigeons: iz: yes but if fees are higher people will be rewarded for
their work, and spammers will be disincentivized
ThickAsThieves: if
there's mass bitcoin adoption, people won't want
to wait
iz: at least not with regard
to SD
iz: pigeons:
transactions relay
to all nodes, regardless of
the
transaction fee
Namworld: Only way
to have a block against SD is if all miners simply exclude
those
transactions.
Namworld: Just doesn't fit Bitcoin's
to start saying what is or what is not allowed.
pigeons: i dont agree with him, i
think fees need
to go a lot higher
Namworld: Thick: He's saying "Blocking SD directly is
the only known viable method of Bitcoin surviving
this attack." and I
think he's almost alone in
that...
jurov: there will be other options exchange soon, i'm interesting how
they will solve
this.
Bugpowder_: Other people basically are limited
to placing bids and hoping someone shorts into
them so
they can
then resell higher
jurov: it's 75 of
them? not less? but you do have a point.
Bugpowder_: you need 150,000 BTC
to offer up what
the MPOE bot offers.
jurov: in
the end of month
jurov: the collateral for unsold options returns
to you
Bugpowder_: Namworld: Acutally
that bot needs MORE capital since it does not appear
that
the MPOE bot counts created but non-sold options against
the
total capital
jurov: but let
them stay KISS... can't optimize for everything anyway
jurov: better
to focus on frontrunning one or
two most
traded
things
jurov: i had
to
tie
the bitcoins on multiple calls/puts and wait for weeks for some order
to come
jurov: actually i remembered i did
the frontrunning on options few months ago but stopped
Namworld: hmkay... probably not a lot considering
the short
timeframe
jurov: but dunno how successfult would
that be
jurov: was
thinking
to put some rotten apples
there inbetween
jurov: i had more devious idea...
there are periods when mpoe bot is
thinking and no offers are listed
jurov: Namworld,
that bot still needs equal capital
to most mpoe bondholders
Namworld: guaranteed win on others' algorythm without any of
the work!
Bugpowder_: I
think you need minimum 10,000 BTC nut
to run an options bot effectively
jurov: but i prefer
to run it as is now
Bugpowder_: the collateral requirements will kill you
though
jurov: Bugpowder_
that was last feasible in April
Bugpowder_: what IS attractive is owning 85% of S.MPOE and collecting all
the cream off
the
top
jurov: yes but in
the end
the proportional part is
taken from all bonds
Bugpowder_: thestringpuller: you don't know what you are
talking about
thestringpuller: mircea_popescu usually ends up putting up capital in
those scenarios
Namworld: MPBOR is funds lent for options? As such, losses by
the options bot would be
taken from MPBOR deposits nay?
jurov: only when exercises + interest paid out < earnings from sales of options,
then net result = mpbor
jurov: only when exercises + interest paid out > earnings from sales of options,
then net result = mpbor
jurov: but mpbor was always positive (it's not
there explicitly)
Bugpowder_: mircea_popescu:
Thank you for
today's lesson
jurov: mpbor itself is always positive... only
the end result of mpoe can be negative,
that's different
thing
Bugpowder_: its
the fourth big short position added in
the last 3 days
Namworld: I'd charge
them royalties on
the name BTC-BOND
Bowjob: itd be nice if mr whale can bump dice
to before pre erkik dump levels
Namworld: Many large multinationals have a market cap uner 1 billion... I could buy myself a
thousand multinationals at least
Namworld: Oh, I'm fine with buying
tons of bars of every metal.
Namworld: Buy myself a few
thousand gold bars and some companies...
Namworld: mircea: it's always been. I'd exchange 0.01 BTC for a
trillion anytime
jurov: or put a
trillion on "lessthan 1"
jurov: <Bugpowder> S.DICE div? lmao somebody should
tell obama
to buy shares
to save
the US budget
jurov: ...a
top administration official warned
that
the nation's borders would be less secure. oh my
gribble: There are currently 8834.2843 bitcoins demanded at or over 29.0 USD, worth 259243.946894 USD in
total.
gribble: BTCUSD
ticker | Best bid: 30.13001, Best ask: 30.14999, Bid-ask spread: 0.01998, Last
trade: 30.14999, 24 hour volume: 26135.40088171, 24 hour low: 29.50001, 24 hour high: 30.40000, 24 hour vwap: 30.05456
gribble: There are currently 930.16598 bitcoins demanded at or over 30.0 USD, worth 27935.0288526 USD in
total.
jurov: Bowjob, go
to huff.to
gribble: (bids [--under] <pricetarget>) -- Calculate
the amount of bitcoin demanded at or over <pricetarget>. If '--under' option is given, find coins or at or under <pricetarget>.
gribble: There are currently 7358.0245 bitcoins offered at or under 31.0 USD, worth 225943.062008 USD in
total.
jurov: AUSTERITY COUNTDOWN: 4 DAYS
TIL PAIN . Bitcoin users not affected.
mircea_popescu: what's next, i'm going
to read
theosophy on somethingbawful ?
SpNg: mircea_popescu: I was
trying
to figure out how
to get an account.
ThickAsThieves pointed me
to
the FAQ. Exactly what I was looking for. ;-)
SpNg: so it's 30 BTC fee + 5% of
the dividend payout?
SpNg: <-- Software dev. loves
the geeky stuff.
ThickAsThieves: the exchanges are listed when you log into
this channel