976500+ entries in 0.602s
jurov: one can't just
transplant real life financials here, just reinvent
them. I
think MPOE was so successful cause it is basically short-term. It loans every month anew.
awkorama: but in
theory CDS's should help here, cause
they generally increase liquidity of debt
awkorama: 78% is a bad overall rate, I give you
that
jurov: mircea already did experiment with CDOs, and it didn't go well exactly cause of
this
awkorama: because
the loan itself is risky
awkorama: well
then
that protection would be bloody expensive
jurov: in a situation like... on btcjam is only some 78% loans paid. and
they ask personal info
to eventually recover
these loans later
awkorama: mainly using
the interest rate + research on
the reference entity
jurov: yes. but how would you price
the cds (if you were selling
them)?
that would be insane
awkorama: in
the event of default (determined by
the exchange on objective conditions) he would receive
the principal
jurov: now if he wanted
to use cds
to insure
the loan, how would he go about it?
awkorama: vs. someone
trying
to invest in it indirectly
awkorama: somebody wanting
to short s.dice
jurov: awkorama, actually do you see any
two parties atm where cds would work?
DeadWeasel: after checking
the wiki, it is not an apt metaphor.
awkorama: sorry, what does
that idiom mean?
awkorama: that would escro
the collateral
awkorama: i understand
that otc cds market would not work,
that's why exchange + clearing house
that is (more
trusted) is required
Bugpowder: or so ineptly run so as
to approximate scams (usagi for example)
gribble: BTCUSD
ticker | Best bid: 18.42990, Best ask: 18.44997, Bid-ask spread: 0.02007, Last
trade: 18.45000, 24 hour volume: 37939.91168858, 24 hour low: 17.60000, 24 hour high: 18.45000, 24 hour vwap: 18.06613
DeadWeasel: i loathe
things I don't understand. Credit Default Swaps are one of
those
things (there are many).
awkorama: and I don't know what
the difference would be,
trading CDS's on public corporation (e.g. IBM) or on S.DICE.. same
thing really
jurov: i mean, it's impossible
to price such a
thing reasonably.. but if you can yes it's opportunity
awkorama: well
they wouldn't be if
there was protection
to buy
awkorama: mainly credit default swaps
that is
awkorama: some exchange, where I can
trade credit derivatives
awkorama: does anyone know whether
there is a full credit market somewhere in bitcoin ?
Bugpowder: 1 million in bets might be in play
this month
Bugpowder: Over 100k bet on S.DICE since
the last doog post
Bugpowder: someone will probably buy
them eventually
Bugpowder: just keep
them up just under mope bot
Bugpowder: and
the bot hasn't yet caught up
to
the rise in price.
Bugpowder: I am feeling better about drunken purchse of 4,000 calls on Sat night at
the ask.
gribble: There are currently 1048.9977 bitcoins demanded at or over 18.0 USD, worth 18980.1324954 USD in
total.
gribble: There are currently 17502.231 bitcoins demanded at or over 17.0 USD, worth 305581.921765 USD in
total.
gribble: There are currently 37282.992 bitcoins offered at or under 20.0 USD, worth 710857.914524 USD in
total.
Bugpowder: are we going
to seriously challenge $20 again
gribble: BTCUSD
ticker | Best bid: 18.23500, Best ask: 18.29800, Bid-ask spread: 0.06300, Last
trade: 18.23500, 24 hour volume: 32801.03890254, 24 hour low: 17.60000, 24 hour high: 18.29800, 24 hour vwap: 18.01947
jcpham: poking a stick at
the gubment
Korbman: I'd like
to
think Bitcoin is gaining
traction, but not nearly enough
to undermine a bank
Korbman: kakobrekla:
that article is a bit disconcerning
gribble: BTCUSD
ticker | Best bid: 18.22130, Best ask: 18.22401, Bid-ask spread: 0.00271, Last
trade: 18.22130, 24 hour volume: 32164.29648754, 24 hour low: 17.60000, 24 hour high: 18.25000, 24 hour vwap: 17.99353
gribble: BTCUSD
ticker | Best bid: 18.12000, Best ask: 18.25000, Bid-ask spread: 0.13000, Last
trade: 18.25000, 24 hour volume: 31140.10147696, 24 hour low: 17.45000, 24 hour high: 18.25000, 24 hour vwap: 17.92591
jurov: azx, i know. and many storage problems can be implemented in
that way.
azx: jurov: reiser4 is super when you have loads of
tiny files in huge piles
Bugpowder: its very difficult
to get your bid in before someone else bids.
jurov: they heard mircea wondering what
to do of
these 7kbtc he suddenly got on
thursday
DeadWeasel: what an odd idea. never know when
the next buyer is going
to arrive
though.
DeadWeasel: never knew
that existed. is
there a history for price and number of purchases?
jurov: but i'm serious with
the reiser4 . i heard some were using it
to store deserialized xml, myself was
taken aback how fast it accesses gentoo portage compared
to anything else
jurov: uh, postgres? i like it, but i'd rather use
that opportunity
to dive into knuth and other less known data structures
kakobrekla: would be funny if i couldnt catch up
to it.
jurov: nuff fun. back
to work.
jurov: had
to scan it in. definitely cosmopolitan material
jurov: lmao yes mikhail alisie boasted
they put it on
the
table next
to cosmopolitan and circlejerk ensued "yeah, it feels similar"
jurov: ^^ bitcoin
tabloid #6, page 57
jurov: "As we move forward into a world ever-filling with computers and networks,
the success of Bitcoin, much like
the Internet itself, liset in
the actions of
the people who will continue
to use it and promote it and
to fight on its behalf in doing so.
They may
take our lives, but
they can never
take our Bitcoin."
azx: lol, I almost clicked
that link
assbot: the ass is dead, long live
the ass!
assbot: Aren't
those
tins of
tobacco right
there behind you?
smickles: i don't
think so, i had
to use XXX
mircea_popescu: did
they eventually resolve
the debate of what btc should be called ?
smickles: heh, i used gnucash for
this. it makes proper gaap statements as far as i can
tell
mircea_popescu: and since pretty much everyone is a 20something male geek,
they learn by example rather
than by description.
mircea_popescu: have some examples. i bet you 90% of
the people who are or are considering issuing "an asset" have never seen a set of gaap statements
smickles: i have income statements, balance sheets, cash flow, equity,
the works
gribble: BTCUSD
ticker | Best bid: 17.92002, Best ask: 17.95000, Bid-ask spread: 0.02998, Last
trade: 17.92001, 24 hour volume: 24197.67894909, 24 hour low: 17.21000, 24 hour high: 18.00000, 24 hour vwap: 17.77575
smickles: EskimoBob: I should be able
to answer a simple accounting question :)
mircea_popescu: im not saying it's evil or anything, just
thowing 2cents.
smickles: right now, it's easisist for me
to
take
this 'one small step at a
time' approach
smickles: but listen,
the
thing isn't optimized,
there's room for improvement in many areas and I know it
mircea_popescu: but listen. what has materially changed from a
tick
to
the next
to make another increment worth buying, when it wasn't before ?
smickles: and
they're hard limits
that I can't do much about right now
smickles: so
those other variables are limiting
the amount, and as
these options are bought
the limiting factors are raised a little
mircea_popescu: i don't get
this
tho, why get 3 on
this
tick and 3 on
the next
tick
smickles: lol, mircea_popescu, what did
that person
think would happen?
evoorhees: mircea - how many mpex account holders are
there?