989700+ entries in 0.715s
thestringpuller: ideally mircea_popescu my vision was
that of buyer X has some Y number of contracts on cocoa, I would need
to know his "end game" as where he wants
the cocoa
to end up, is it part of a portfolio or would he be "sub-distributing"
to say coffee shops or a bean roaster
mircea_popescu: thestringpuller well
this is certainly interesting. what fee would you need for delivery and what min/max volumes ?
EskimoBob: cocoa beans
taste... umm... interesting
thestringpuller: i can get beans straight from
the farms, as long as I have contracts
to sell
them against, ergo
the clearing house
mircea_popescu: but incidentally, what exact cocoa is
this ? bean ? processed ? powder ? what specs ?
mircea_popescu: FIS is
the ancient "free in store", buyer pays custom duty if any.
mircea_popescu: "Seller pays for carriage
to
the
terminal, except for costs related
to import clearance, and assumes all risks up
to
the point
that
the goods are unloaded at
the
terminal."
thestringpuller: DAT would be directly from distributor
to clinet correcnt?
EskimoBob: mmm... no idea.
Trading cocoa beans?
thestringpuller: or he is selling it
to
the coffee shop and he gives
that address
mircea_popescu: no, what i mean is. suppose X has 500 contracts
to
take delivery on
thestringpuller: the us, but delivery
to end user could originate from anywhere
mircea_popescu: ;;later
tell bugpowder if you deposit 2.3btc
today for
the SEP and
then as MAR rolls by
the diff actually went way up like 9x,
the new collateral is just 3x, but 3x
the NEW price, which is 9x.
thestringpuller: now
that i
think of it, it wouldn't really matter. if
the cocoa comes staright from
the distributor,
then
there is no reason
to use am exchange except for pricing
mircea_popescu: ;;later
tell bugpowder
there's an important point
to consider in
the discussion of X.IDIFF margins as
the quarters roll by which we skipped over last
time.
thestringpuller: however i wouldnt want
to have a paper
trail between fiat and btc in
the us after
the glbse fiasco
mircea_popescu: most people who'd be competent enough
to do it either don't want it because it'd likely be low volume
to start or legal concerns
thestringpuller: so like mbor (i forget initial for bonds) you could have multiple clearing house entities
to deliver physical assets
traded on mpex
thestringpuller: what if
the personor entity acting as
the clearing house had, access
to
the physical asset via normal channels, fiat on hand
to pay for said asset, and btc's on hand. in
theory couldn't he sign a pgp contract granting ownership
to future holders upon settlement?
gribble: smickles was last seen in #bitcoin-assets 12 hours, 2 minutes, and 54 seconds ago: <smickles> I consider myself amature, but i've been
told what I have done is impressive by amatures
FabianB: so i
tried and noticed it not working
FabianB: mircea_popescu: i know, was reading backlog, noticed
that post and was wondering if .us still redirects or points
to mpex directly like
the other domains
FabianB: mircea_popescu: what happend
to mpex.us?
Ukto: or what
that fields for
Ukto: not sure if you can
trade for a price directly..
Ukto: i am kind of confused by ltc-global's "internal asset
transfer"
Ukto: like
to forcefully raise or lower
the
traded price i
think
Ukto: showing it on
trade history would leave a giant opening for abuse
Ukto: with my direct
trades, it would be doable at any amount, it just wont show on
teh
trade history
Ukto: I am already planning
to be able
to send X shares
to Y person for Z price
EskimoBob: you need
to set min limit for
those.
EskimoBob: yes and now... depends what you mean by
that
Ukto: so it would be a "direct
trade"
EskimoBob: Ukto: large blocks are off
the orderbook usually and agreed on
the side
EskimoBob: Lets say good people at EMIF.LTC-TRADING or LITECOINRS-PT come
to me an say - lets do 20K shares
trade at price X
Ukto: and
the best ask is say 1btc
Ukto: want
to do.. 1,000 shares
Ukto: so how would it work. you pull up
the asset page, see
the order book and
the best bid/ask
EskimoBob: never really listed in order book but show up in
trades
EskimoBob: large block
trades
that can be executed ___outside/inside___ best bid/ask
Ukto: well.. if
they are not dark,
then bots will change
the price :P
EskimoBob: Ukto: here is one
that just popped
to my head - large block
trades
that can be executed outside/inside best bid/ask
Ukto: as well as some for
the site itself
Ukto: en facte, one
thing on my list
EskimoBob: let me dig around in old GLBSE
thread. I had many ideas over
there. :)
EskimoBob: sure,
this is just "bells an whistles"
Ukto: while playing with
the graphs, I am working on
the api system, and comprehensive documention for it
Ukto: as I said, its easily doable in a multitude of ways, I just want
to
think
through
the best way
to do it. right now, I am still
trying
to focus on
the core systems
EskimoBob: compared
to
trade data,
this is like nothing
EskimoBob: if it's a 1000 Mh/s
then x 1000 and so on
EskimoBob: yes, but your diff history...actually
the result from
the calculation of what 1 Mh/s can produce is cashed and can be used for every miningbond
Ukto: the graph will every
time you add
to it :P
Ukto: EskimoBob: but when
the graph is generated, live, it has
to do a diff lookup for each payouts date/time
Ukto: mircea_popescu: you sure do have a lot of
time on your hands :P
EskimoBob: diff changes are not
that frequent
Ukto: just a bit of work
to put it all
together
Ukto: not
that it isnt doable
Ukto: for each
timeperiod
Ukto: i would
then have
to connect
to a bitcoind or json from somewhere
to get diff
EskimoBob: for mining contracts,
that pay N Mh/s as div
EskimoBob: and
this is actually "predicting"
the mining contract share price
EskimoBob: adding a line for what "Mh/s" produces at any point in
time, is not
that bad. You get
that from difficulty
EskimoBob: so, if you add a line for contact price ratio
to what Mh/s produced, you probably get a nice flat line
EskimoBob: mining contract charts will look ugly and depressing over
time if diff keeps crawling up
the hill
EskimoBob: you see, miningbonds (the perpetual ones) usually lose value over
time and so do
the returns
they pay
Ukto: EskimoBob: wow, I feel completely lost as
to what you are
talking about now. :P
mircea_popescu: actually,
this is why mpex doesn't allow instacancellation of orders :)
EskimoBob: mircea_popescu: and
this is why all
the fkn
trading bots are no good
Ukto: return?
talking about
the graph?
EskimoBob: Ukto: add
the price:return line.
This will look soothingly straight, when price falls, and divs fall
Ukto: at least
the mining ones
Ukto: so ppl can draw a lot of lines aiming downwards over
timer
Ukto: althgouh I will be enabling
trend line drawing :P
Ukto: still debating if I will bother with candle/ohlc.. since
the open/close would be midnight.. it would just be showing day
to day high/low and midnight price...
Ukto: gonna add
the depth chart a bit later
today/tonight
Ukto: I just updated
the
trading graph
to have
the volume panel.
mircea_popescu: it's one point
that's been gained
through experience so far, gpg is good.
EskimoBob: this is just a rough idea. You guys are smart enough and can make it into something
that works
Ukto: I want
to finish
the core functionality extensions