973100+ entries in 0.655s
mjr_: you didn't account for
the 100
to 1
mircea_popescu: very
theoretically speaking
there's a 0.00086 per share arb oportunity between
the
two atm
Lyspooner: am i supposed
to put more importance on
the offer side of
things?
Lyspooner: why does assbot italicize
the ask price
assbot: Are you sure you have no
tobacco?
mjr_: i
think
that is a great business model, and all orders are denominated in lots of 100 right?
mjr_: so yeah, i get
that
topace: 5% is our "Fee" essentially for running
the passthru
topace: oh, yes, for
the S.DICE passthru, we pay out 95% of
the dividend we receive from mpex
mjr_: i heard
that
they keep 5% or something
topace: mjr_: yes, but a lot of
the people
trading on havelock dont want
to a) pay
the mpex registration fee, and b) mess with gpg
mjr_: and i know
they have some sort of dividend holding
thing going on
mjr_: yes i know...but
they again just paid...almost 5% more
than market
smickles: i dun
think so, havelock is a whole other platform
mjr_: or at least i would start
there and if i needed more would raise price up
topace: anything reported by assbot is an internal
trade from one havelock customer
to another
mircea_popescu: well, if
they don't manage
to buy on mpex in
time
the demand on
the other venue may push prices up
mjr_: it just seems like havelocks prices
that
they buy at are noticeably above what we see
mircea_popescu: in general
the pt operators buy on mpex and resell on w/e platform
they use
mjr_: i'm not sure if
they keep
their own inventory and you just report for pricing purposes or if whenever
they get an order it comes here and is
then filled
mjr_: you report havelocks but you can't fill
their orders can you? or is
that how it works...
mircea_popescu: in february mpex opened,
the
two got merged in april iirc
mircea_popescu: mpex started out as an options
trading page back in august 2011
mjr_: is
this jurov's or yours
mircea_popescu: mjr_
the bot made 10k btc by hanging in
there las
tmionth.
mjr_: but for any one specific option it may be
tougher
to hang in
there,
though
the spread is large enough so it could work out well
gribble: BTCUSD
ticker | Best bid: 20.74243, Best ask: 20.78400, Bid-ask spread: 0.04157, Last
trade: 20.74243, 24 hour volume: 32847.73945862, 24 hour low: 19.42000, 24 hour high: 20.78000, 24 hour vwap: 20.17951
mjr_: so if you want
to get into a market maker position, you have
to hope you are
there at
the right
time
smickles: mircea_popescu:
the rss reports number of
trads
too, right?
mjr_: since
there are many different options
mjr_: and probably what i meant more
than
that was
that in general,
those 80,000 may have been 80 orders...
smickles: there are some people who buy/sell
thousands at a
time over a range
mjr_: i mean
that is a range of calls and puts somewhere around
the current price
mjr_: is
that all options?
smickles: mjr_: you say
the options are
thinly
traded?
there were over 80
thousand of 'em
traded last month
mjr_: not sure if "clear" is even applicable in
this context
mjr_: but i guess we can consider
that we clear immediately?
gribble: BTCUSD
ticker | Best bid: 20.69731, Best ask: 20.74990, Bid-ask spread: 0.05259, Last
trade: 20.74990, 24 hour volume: 32706.64412999, 24 hour low: 19.42000, 24 hour high: 20.75000, 24 hour vwap: 20.17193
smickles: i've facilitated shorts for people where I don't
transfer
the shares
too, usually because
they don't have mpex or broker accounts
jurov: Namworld, difficulty is weekly average and doesn't vary so much.
the luck does apply, still
Namworld: just estimates
tho based on luck
mircea_popescu: i have bets made in august and sept and oct and etc
that diff will be under X
Namworld: on 25
TH network... it would get lost in
the noise...
Namworld: How much hashing power are
they?
jurov: even
these 2 should noticeably push
the envelope
mjr_: actually i had only really heard of 1
that was
testing on slush's
jurov: yes borrowing has costs. i just wanted
to operate with bigger amount
mjr_: but i am kinda happy if
that's
the case cuz it puts my FPGA project back on
track
mircea_popescu: im sorry i didn't
take more bets on network diff last year.
mjr_: i
thought
there were only 2 of
them
mircea_popescu: i
tell ye...
these asics aren't working as advertised.
mircea_popescu: but i was
talkingfrom
the perspective of having
the proof.
mjr_: i need
to read up on
traunch, not sure if
that is
the right spelling
jurov: anyway i have much more
than
than
that on my own left from ipo.. so i'm covered even if whale buys up
to 0.001
mjr_: that is what i was
thinking...you do insulate yourself from
that risk on mirceau's side but smickles would have
to go
to
the court i guess?
Namworld: what if
the other party doesn't return
the shares?
Namworld: [16:14] <mircea_popescu> full documentary
trail.
jurov: he did
transfer
them. an i did sold
them
mjr_: but also with options...having
to put up collateral before you exercise
mjr_: but i can see why
that may not work
mjr_: its interesting
to look at
the differences...usually smickles could just say he will lend you
the shares without actually
transferring
them
mjr_: is
that
through coinbr?
mjr_: how do you do
that?
mjr_: :) so much fun
to watch
mjr_: how'd
the bot do jurov?
mjr_: i would make as many
trades as possible
to maximize my investment
mjr_: oh but yeah
that is fixed, if you are going
to be a
trader, and i paid a one
time/ or monthly fee
mjr_: spread jumped a
ton
jurov: no,
the 30BTC /0.09monthly does it i
think
mjr_: ooh, i just
thought about designing a risk monitor
mjr_: but if you buy
the puts and
the calls...
mjr_: the options can be a bit
trickier cuz
they seem
to be pretty
thinly
traded
mjr_: it is not very risky (i want
to get in
the position)
mjr_: and as i said, since my goal is
to acquire a long position over
time at
the lowest possible price...
mjr_: .24% if i am going
through coinbr
mjr_: so with 1.24% on mpoe... i can make .84% every
trade by basically just filling market orders
mjr_: and i don't
think
the fees are very high
jurov: i
think both mircea and coinbr's fees in fact affect order size distribution
mjr_: it is so much fun
to watch
this
mjr_: lol
the spread is actually increasing on mpoe
mjr_: but i do
try my best
mjr_: it could greatly simplify user interface, make a more robust system
that is more secure, and easier
to maintain, less vulnerable
to single point of failure problems
mjr_: actually, i
think
that mirceau_popescu's idea behind his
trading platform could be huge