973400+ entries in 0.64s
mjr_: i am not creating
them
Namworld: Capital required
to CREATE options
mjr_: it should be risk neutral...and all i should be able
to lose is
the premium i pay
mjr_: or...what do you call it again? collateral needed
to hold
that position
mjr_: how would you calculate
total exposure
mjr_: for example if i had
the put and
the call
Namworld: But at
the size of what I do, it should be considered hobbyist work. I'm working with small sums
mjr_: and
there goes all
the spreads
mircea_popescu: i
think actually a good way
to regard manager's position is
to look at added value
Namworld: In any case... where are all
the DMC holders?
Namworld: Although I could always manage funds on another basis
than a loan
mircea_popescu: THEN
they could have just paid out of pocket and closed cleanly.
mircea_popescu: Namworld if
they did, I personally insure
this
thing, but it never
takes more
than 100 btc
Namworld: If
they had a cap higher
than 0 for pirate stuff I don't quite see why
they'd deserve holding even a bitcent...
mircea_popescu: if
they did have caps for all
their pirate stuff
they wouldn't be quite as in
the pits
today
mircea_popescu: having a cap is a great saferty play, and one
the various wannabe managers in
the past eschewed
to
their detriment.
Namworld: I'm not sure I want
to manage more funds...
mjr_: or would you just increase your holdings
to accept more
Namworld: Other
than I kept stocks collateral on GLBSE for
the loan.
Namworld: I disbursed an extra coupon when I did good option
trades.
The guy didn't seem
to know I was
trading actively.
Namworld: My contract state it's a personal loan,
that can be spent on whatever I see fit.
mircea_popescu: Namworld maybe
they just want
to watch you at work, learn about btc etc.
Namworld: I
thought at first someone filled an email
that was not his
Namworld: and Bitcoins
to
top it. I wasn't expecting someone from
the financial sector
to find his way
to my little
thing.
Namworld: Odd because BTC-BOND is a small
thing lost in
the middle of
tons of larger offers.
mjr_: one
that you will actually get
the money back
Namworld: I have a founder and CEO of a company in
the financial sector as
the
top holder of my BTC-BOND
mjr_: i wil make sure
to send it
to
the right addresss
error4733: read
the FAQ before buying MPOE haha
mjr_: so it would be hard for you
to have less btc
than when you started, not impossible
Namworld: If shares drop,
that might still be less
than if we kept Bitcoins alone.
mjr_: in which case, unless
the shares go
to 0...you still have appreciation
mjr_: and i for one am guessing
that you guys are into bitcoins
mjr_: the risk of betting on it and it going down, or
the risk of betting on it going down
Namworld: It remains
that S.DICE has risk like anything else. 0.0075 is good
to me.
Namworld: There's always
the risk of betting on SD going down
Namworld: I'd say so
too. 0.0075 seems nice at
the moment
mjr_: i
think .01 by
the end of
the year
mjr_: but finding a yield like
that is
tough
mircea_popescu: error4733
tbh .0075 or w/e seems
the most realistic atm :)
mjr_: wasn't
that number in btc
mjr_: basically
the entire economy right now
error4733: ok, me
too. be we're still far away from 0.8
mircea_popescu: if
that happens when btc is in
the
teens it may well be something like 0.x oper share
mircea_popescu: then again, 0.0 isn't
totally off
the
table on
those sorts of intervals either.
mircea_popescu: the funny
thing is
tho... i don't
think .8 sort of insanity is
TOTALLY off
the
table on a 1-2 year span
mircea_popescu: "This is a difficult concept for new or inexperienced investors
to grasp"
mjr_: in which case i want
to be behind at
the next price level
mjr_: the cool
thing about
the code, is
that it
takes into account volume somewhat
mircea_popescu: reporting is global, but if you know you just ordered 5k of s.blabla and 4k
trade at your price
mjr_: i
think it could be nice
error4733: late
today i'll ask my friend
to look on your code ! he coul'd be interested
mjr_: but you have
to send statjson command signed by pgp
mjr_: reporting being
the json right?
mircea_popescu: to see execution you have
to either watch reporting or stat
mjr_: or do you have
to stat
mjr_: so question, do you send back an ack
type message?
gribble: There are currently 7.9857751 bitcoins offered at or under 19.9999 USD, worth 159.627578416 USD in
total.
mjr_: and
then someone else would jump in front of him
mjr_: someone would usually do
that
error4733: finish him, run some simulation and
time will see !
mircea_popescu: ya,
the spread on
the options has been a point of discussion since about october 2011
mjr_: amazing
the spread on
these puts
mjr_: tough on
the 1st of
the month, but i figure it will be worth it
mjr_: well i
think i may be able
to do it
mircea_popescu: then if you are referred
tyou get 5 back so you have a little
to
trade on
mjr_: oh, i
thought
that was a fee
mircea_popescu: if you make a 30 btc deposit
that's clearly over
the 10 btc limit
Bowjov: well a bit more
than 10btc since you need some numbers
mjr_: so $700
to get started...
mjr_: another 10 btc
to fund
the account (that is
the minimum right?)
Bowjov: i dont wanna deal with
that stuff..
that guy who fat fingered about 70k USD on dice
mjr_: so
that is approx...$500
error4733: Sure. If you already have an account and someone mentions your keyid when
they sign up for a new account each of you will be credited 5 BTC. Simple as pie.
error4733: Is
there some way I could be an affiliate ?
mjr_: and
that is if it's allowed
mjr_: you'd have
to give up gpg ident
Bowjov: is
there a way
to sell mpex account?
mjr_: it'll still be worth it for a long
time i
think
Bowjov: by
then mp might jack
the price
to 35 btc :2
mjr_: so once i can, i will be on
there
mjr_: i agree and i don't mind dealing with gpg and any other computer related
thing
mjr_: after all, he is just sending it with a slight markup on fee, and he really only needs
to keep
track of
that on his end
mircea_popescu: i
think coinbr is more intended
to help
the people who want
to
trade on a website/don't want
to handle computer guts
mjr_: well i mean, i wouldn't mind if he just passed
through