989000+ entries in 0.662s
thestringpuller: yes but in since volume will start low on MPEX vs
the 1000's of farms
that sell on CME
thestringpuller: which seem
to be influenced by
the location of
the exchange
thestringpuller: i feel like chicago has a lot of
train yards and people deal with it
there
thestringpuller: in a spot exchange
the supplier delivers
to
the exchange no?
mircea_popescu: which is what makes
this slightly inadequate for a spot-type exchange
traded
thing
thestringpuller: so
there would be likely 2 factors in pricing: geographical location of
the supplier (i.e. freight) and 2.
the base price
the supplier is offering on his commodities
thestringpuller: that listing would correlate
to any number of suppliers
that constitute a BTC union
mircea_popescu: which isn't a bad
thing, but it doesn't make sense
to lump it all under a generic name
thestringpuller: oh in
that case would delivery in BTC be slightly decentralized due
to it's internet nature?
mircea_popescu: what sense does it make
to have a centralised spot market when nobody can
take centralised delivery ?
thestringpuller: but I'm more
talking about being able
to purchase commodites at a market price via btc
thestringpuller: but I suppose if someone who had a future
that matured and had a distribution network may want delivery
smickles: there is a lot of markup
to eat into on coffee
mircea_popescu: what makes you
think
that most buyers of
the future would buy
to have it delivered ?
thestringpuller: on market price as long as
they could sustain end user prices in
the coffee shops and bakeries
thestringpuller: most people who would want end-user procurement of a commodities contract would be someone likely
to distribute
to a small coffee shop
smickles: large amounts should just shift
their
timescales beyond
their own expected lifetime
smickles: i'm not sure
that an individual can have
too much money
to benefit by more
jurov: dunno who put it
there, but i'd get gay with
them
mircea_popescu: the sdice for 18 is not quite as big as
the idiff.jun for 0.03
mircea_popescu: someone should make a
top of
the weirdest
trades on mpex
thestringpuller: okay so as we
talked about with physically delivery of futures, I started analyzing
the possibility of physical delivery for procurement. Since BTC volume is so low it would end up being procurement for local stores and not full fledged chains.
smickles: d'ya'll
think people are shorting s.dice on
this double spend news?
thestringpuller: mircea_popescu: I'm here. Ahhh it feels good
to
type on a real keyboard. So many more WPM's
smickles: it's why I asked about
the volatility last night,
the calc of
that could be
the difference
smickles: mircea_popescu: i'm now facinated by
the differences in option valuation between mpoebot and
the one i've written
Doffx: I
think you understud my meaning.
Doffx: Haha, id rather more picked it, id give
them my share
to make it more succesful.
Ukto: so
the fewer shreholders pick BF,
the moreyou get :P
Ukto: Doffx: once
things are settled and
terra says go, 10btc will be split out amongst
the BF claimers (claim data is maintained)
smickles: alright,
time
to put in a low bid on s.dice
Ukto: but allowed me
to notice ppl on it at
teh claims page
Ukto: terra didn't formally announce it in
the
thread out of uh.. fairness?
to
the other exchange
Doffx: I don’t know anything about
the other exchanges, I have not been keeping up with
the bitcoin word
these days.
Doffx: I use Hashpower, and weexchange, and have
talked
to Ukto so I went with bitfunder.
Doffx: Said something about 10btc being split but I couldnt find info on what it was
talking about
Doffx: What was
this 10 BTC
thing with Bitfunder?
jurov: so
they divided
the "cake" between bitfunder and btct only
jurov: Doffx,
there's no such
thing as bitfunder bot. deadterra decided
to consider even coinbr as a competition
Doffx: Haha, I figured
that might happen.
mircea_popescu: i guess someone will end up making a share
transfer agreemend and end up unwinding most of
the passthrough huh
Doffx: Where is
the bitfunder bot?
mircea_popescu: you know smickles
that icon really does make
the bottle look like a dildo
smickles: yeah,
tslb works fine, it seems
Doffx: I have
them on bitfunder now, I really have no clue what my options are.
smickles: even as of
the
time of your writing
smickles: iz:
tslb seems
to be in sync with blockchain and my local machine
iz: exactly
the info i needed
iz: okay,
thank you mircea_popescu
iz: smickles: is
tslb really working? or maybe
that is broken
iz: the
timestamp is 2012-12-16 13:04:49 in UTC and my computer says
today is Mon Dec 17 18:10:04 UTC 2012
Doffx: Ill have
to see if Deadterra can still buy
those shares
smickles: iz: i've never seen
the bc,lastblock but ;;tslb seems
to work
iz: i'm questioning
the validity of
the bot's data
iz: what's
the current block number for
the bitcoin blockchain?
smickles: heh, yeah, I'm sure some people are preparing
to short after divs are paid
Bugpowder: from
the acitivity in
the first 16days alone
smickles: can you prove
that you control an address for me :)
Doffx: Yeah, was I not supposed
to>
jurov: oh you already claimed
them
jurov: Doffx, deadterra insinuated
this is possible, ask him directly
smickles: that said, I hope
to never
transpose
the price and
the amount on a command again
Doffx: Yay, I got my Sdice pass-through shares claimed on Bitfunder. Now if I could just sell
them on mpex
jurov: fucking good? so.. better
than sex?
mircea_popescu: Dec 17 06:25:38 <mircea_popescu> lol i guess everyone can now book
the 3 / 34 gain
smickles: that way, if
the price skyrockets,
thestringpuller doesn't lose out just 'cause he can't ident right now
thestringpuller: he will likely just assign
those shares
to me at said price
smickles: I guarantee him shares at a price of 0.00061896 in
the amount his balance on account will allow
EskimoBob: yawn ... James is still compiling
the lists
OneFixt: hehe, i'm
thinking about it
thestringpuller: im having analysis run on supply prices for like cocoa and wheat and other
things from small local farms
thestringpuller: mircea_popescu: would you allow me
to run decentralized commodities on mpex? if i get a plan in order
OneFixt: markets can be
too expensive or
too cheap for longer
than most of us can stay solvent
OneFixt: sure, but i wouldn't have acted on it back
then
mircea_popescu: then again, you
thought
they were
too expensive when
they were doing 20ish iirc.