963500+ entries in 0.654s
Ukto: if I buy
those 10, I can choose
to withdraw
them
to weex, and have 10 AUD in weex.
Ukto: you can
then place
them for sale at whatever rate per AUD you want.
BitHub: only
these shares or all
the ones on bf?
Ukto: you can deposit 'shares' from weex of any currency, or withdraw
them
BitHub: ahh okey so instead of sending btc back
to weex i can send
these fiat.usd or buy em and it'll instantly show up as fiat on weex
Ukto: for example, on BF, if you goto
the
transactions page
Ukto: The diffrence is
that people can instantly exchange
the FIAT.*'s for real currency via BF/Weex
BitHub: is
this kind of what
this is? i've been following but a bit lost
Ukto: BitHub: you could
try.
ThickAsThieves: is
this
the only asset exchange
that has somethng like
this?
Ukto: My comment about legal reasons, was ment
to be very broad, not specific. :)
Ukto: the market can valuate
the usd aginst
the BTC however it wants
ThickAsThieves: although i suppose i could sell 1 FIATUSD for more or less
than $1 worth of BTC
Ukto: you have shares
that may be
traded out for USD by another entity
ThickAsThieves: seems like a
thin court defense, but i know nothing of
the laws
Ukto: Rather
than
the previous limitation of 'I can SELL it for USD'
Ukto: it is
there
to support BTC.
Ukto: also, BitFunder is not
there
to support USD, etc
Ukto: they DO have a name.. its not liek
they are done
to
the cent
ThickAsThieves: will you also make it possible
to buy shares of any stock with USD?
Ukto: and
the currencies ARE assets in
this form
Ukto: If you follow
the
terminology.
Ukto: sure. You can look at it from
that point of view.
jurov: i mean, selling FIAT.USD is fully equivalent
to buying bitcoins, no?
Ukto: BF is just
taking more advantage of
the merchant system offered by weex
mjr__: guys! only $969
to go :)
Ukto: withdrawing any number of shares of FIAT.USD (or other currencies)
to WeExchange automatically converts X shares
to X dollars of
that currency
jurov: what's
the advantage over buying bitcoins directly?
Ukto: which are auto converted
to 1 share FIAT.USD per $1 USD
Ukto: any user can deposit
their USD from weex into bitfunder
Ukto: I dont offer
the shares
jurov: hi Ukto, what's your plan with FIAT.USD? you will offer
the shares yourself?
mircea_popescu: it's possible
to beat it on a
term of any arbitrary finite length
error4733: you can't beat house edge on long
term
mircea_popescu: error4733 you know one of
these days its going
to go well under ev.
ThickAsThieves: well, not nearly, but plenty of
time for a whale
to lose his btc
ThickAsThieves: only need about 720 or so BTC profit per day
to break
the bet
Bugpowder: so
that person could drive
the profits
error4733: yep easy bet if you not correct with
the btc rise
error4733: if you look in $, pretty same result, no free fall. 395K
to 360k still one week
mircea_popescu: who knew running PTs can be
that lucrative,
there's what, like 4-5 btc on
the spread right
there ?
gribble: BTCUSD
ticker | Best bid: 30.77586, Best ask: 30.79999, Bid-ask spread: 0.02413, Last
trade: 30.77586, 24 hour volume: 53263.39730356, 24 hour low: 29.42000, 24 hour high: 30.84000, 24 hour vwap: 30.07494
gribble: There are currently 7044.8875 bitcoins offered at or under 31.99 USD, worth 221886.66444 USD in
total.
gribble: BTCUSD
ticker | Best bid: 30.61955, Best ask: 30.76200, Bid-ask spread: 0.14245, Last
trade: 30.76200, 24 hour volume: 55152.61716662, 24 hour low: 29.42000, 24 hour high: 30.76200, 24 hour vwap: 30.03966
DeadWeasel: yeah, he'll get it back, I just hope it gets out
there in
the media more.
error4733: +3000 BTC profit for
the last 1000 bet (2days) 2500 above EV !
jurov: ohh
the other futures were discontinued? MUST FIX
DeadWeasel: apparently, Bowjob -- you've been right every
time you said
that so far
Bowjob: It sucks
that I can't really watch anime
Bowjob: I bet someone with Geass here keep
telling people
to buy buy buy
Bowjob: one of
the FGPAs of Avalon
Bowjob: Omg.. and another
thing
gribble: BTCUSD
ticker | Best bid: 30.04001, Best ask: 30.16900, Bid-ask spread: 0.12899, Last
trade: 30.04001, 24 hour volume: 51240.83998307, 24 hour low: 29.31100, 24 hour high: 30.65000, 24 hour vwap: 29.82270
Bowjob: We need an ASIC company named Freja..
that'd be awesome
Bowjob: BFL are
those eunuchs.. who didnt deliver shit
BitHub: is
that what i preordered?
Bowjob: this
thing is a whole setup
Bowjob: ASICs are like
the new mainframes
Bowjob: In
the end we see Satoshi sacking himself for
the good of everyone
Bowjob: so much
that hey paid 10,000 BTC for 2 pizzas
Bowjob: Bitcoins, are designed as a fuck you
to
the feds, in short a rebellion
to
the feds
Diablo-D3: and Im
the guy
that likes giant robots
Bowjob: Actually I
think we are
the early adopters
Bugpowder: the goal is
to become a power broker
Namworld: If
there's no group in power
to make rules/exclude, for one person building stuff for
the community, 10 will smooch off of
that work without contributing.
Namworld: It's more of a problem
that being altruistic
tends
to get you 10 leeches stuck on you...
novusordo: early adopters get more knowledge and better medical
treatment
Bugpowder: what
tha fuck would we do without
that site
DeadWeasel: then I'm going
to bed. gotta put up a few more buys for when it crashes.
BitHub: my penis is dying over
this conversation
DeadWeasel: the world, as it is, in
terms of society and politics and industry is dying