assbot: [MPEX] [S.MPOE] 36446 @ 0.00030892 = 11.2589 BTC [+]
assbot: [MPEX] [S.MPOE] 69700 @ 0.00031037 = 21.6328 BTC [+]
assbot: [MPEX] [S.MPOE] 4100 @ 0.00031062 = 1.2735 BTC [+]
assbot: [MPEX] [S.MPOE] 2094 @ 0.00031263 = 0.6546 BTC [+]
assbot: [MPEX] [S.MPOE] 73200 @ 0.00031266 = 22.8867 BTC [+]
assbot: [MPEX] [S.MPOE] 66500 @ 0.0003127 = 20.7946 BTC [+]
assbot: [MPEX] [S.MPOE] 18400 @ 0.00031271 = 5.7539 BTC [+]
assbot: [MPEX] [S.MPOE] 65400 @ 0.00031329 = 20.4892 BTC [+]
assbot: [MPEX] [S.MPOE] 23100 @ 0.0003133 = 7.2372 BTC [+]
assbot: [MPEX] [S.MPOE] 18300 @ 0.00031337 = 5.7347 BTC [+]
assbot: [MPEX] [S.MPOE] 73842 @ 0.00031337 = 23.1399 BTC [+]
assbot: [MPEX] [S.MPOE] 31800 @ 0.00031348 = 9.9687 BTC [+]
assbot: [MPEX] [S.MPOE] 3800 @ 0.00031364 = 1.1918 BTC [+]
assbot: [MPEX] [S.MPOE] 23500 @ 0.00031396 = 7.3781 BTC [+]
assbot: [MPEX] [S.MPOE] 61200 @ 0.0003141 = 19.2229 BTC [+]
assbot: [MPEX] [S.MPOE] 66985 @ 0.00031419 = 21.046 BTC [+]
assbot: [MPEX] [S.MPOE] 52958 @ 0.00031433 = 16.6463 BTC [+]
assbot: [MPEX] [S.MPOE] 52580 @ 0.00031438 = 16.5301 BTC [+]
assbot: [MPEX] [S.MPOE] 71466 @ 0.00031451 = 22.4768 BTC [+]
assbot: [MPEX] [S.MPOE] 3629 @ 0.00031458 = 1.1416 BTC [+]
assbot: [MPEX] [S.MPOE] 72800 @ 0.00031476 = 22.9145 BTC [+]
assbot: [MPEX] [S.MPOE] 63000 @ 0.00031526 = 19.8614 BTC [+]
assbot: [MPEX] [S.MPOE] 5600 @ 0.00031534 = 1.7659 BTC [+]
assbot: [MPEX] [S.MPOE] 77900 @ 0.0003155 = 24.5775 BTC [+]
assbot: [MPEX] [S.MPOE] 36900 @ 0.00031551 = 11.6423 BTC [+]
assbot: [MPEX] [S.MPOE] 29000 @ 0.00031555 = 9.151 BTC [+]
assbot: [MPEX] [S.MPOE] 2900 @ 0.00031561 = 0.9153 BTC [+]
assbot: [MPEX] [S.MPOE] 55600 @ 0.00031567 = 17.5513 BTC [+]
assbot: [MPEX] [S.MPOE] 58600 @ 0.00031604 = 18.5199 BTC [+]
assbot: [MPEX] [S.MPOE] 18400 @ 0.0003161 = 5.8162 BTC [+]
assbot: [MPEX] [S.MPOE] 71500 @ 0.00031629 = 22.6147 BTC [+]
assbot: [MPEX] [S.MPOE] 63952 @ 0.00031633 = 20.2299 BTC [+]
assbot: [MPEX] [S.MPOE] 6700 @ 0.00031636 = 2.1196 BTC [+]
assbot: [MPEX] [S.MPOE] 35700 @ 0.00031641 = 11.2958 BTC [+]
assbot: [MPEX] [S.MPOE] 72500 @ 0.00031644 = 22.9419 BTC [+]
assbot: [MPEX] [S.MPOE] 16070 @ 0.0003165 = 5.0862 BTC [+]
assbot: [MPEX] [S.MPOE] 12200 @ 0.00031665 = 3.8631 BTC [+]
assbot: [MPEX] [S.MPOE] 15100 @ 0.00031675 = 4.7829 BTC [+]
assbot: [MPEX] [S.MPOE] 70677 @ 0.00031676 = 22.3876 BTC [+]
assbot: [MPEX] [S.MPOE] 10900 @ 0.00031681 = 3.4532 BTC [+]
assbot: [MPEX] [S.MPOE] 30700 @ 0.00031681 = 9.7261 BTC [+]
assbot: [MPEX] [S.MPOE] 17600 @ 0.00031695 = 5.5783 BTC [+]
assbot: [MPEX] [S.MPOE] 78600 @ 0.00031714 = 24.9272 BTC [+]
assbot: [MPEX] [S.MPOE] 30300 @ 0.00031717 = 9.6103 BTC [+]
assbot: [MPEX] [S.MPOE] 2805 @ 0.00031719 = 0.8897 BTC [+]
assbot: [MPEX] [S.MPOE] 10200 @ 0.00031734 = 3.2369 BTC [+]
assbot: [MPEX] [S.MPOE] 74000 @ 0.00031737 = 23.4854 BTC [+]
assbot: [MPEX] [S.MPOE] 69700 @ 0.00031744 = 22.1256 BTC [+]
assbot: [MPEX] [S.MPOE] 62046 @ 0.00031749 = 19.699 BTC [+]
assbot: [MPEX] [S.MPOE] 64000 @ 0.00031751 = 20.3206 BTC [+]
assbot: [MPEX] [S.MPOE] 2881 @ 0.0003178 = 0.9156 BTC [+]
assbot: [MPEX] [S.MPOE] 27500 @ 0.00031805 = 8.7464 BTC [+]
assbot: [MPEX] [S.MPOE] 64700 @ 0.00031837 = 20.5985 BTC [+]
assbot: [MPEX] [S.MPOE] 67600 @ 0.00031918 = 21.5766 BTC [+]
assbot: [MPEX] [S.MPOE] 13300 @ 0.00031941 = 4.2482 BTC [+]
assbot: [MPEX] [S.MPOE] 11671 @ 0.0003195 = 3.7289 BTC [+]
assbot: [MPEX] [S.MPOE] 6349 @ 0.00031985 = 2.0307 BTC [+]
assbot: [MPEX] [S.MPOE] 46307 @ 0.00032078 = 14.8544 BTC [+]
assbot: [MPEX] [S.MPOE] 27441 @ 0.00032706 = 8.9749 BTC [+]
assbot: [MPEX] [S.MPOE] 34957 @ 0.0003389 = 11.8469 BTC [+]
assbot: [MPEX] [S.MPOE] 36161 @ 0.0003422 = 12.3743 BTC [+]
assbot: [MPEX] [S.MPOE] 16400 @ 0.00034455 = 5.6506 BTC [+]
assbot: [MPEX] [S.MPOE] 64182 @ 0.00034999 = 22.4631 BTC [+]
assbot: [MPEX] [S.MPOE] 134303 @ 0.00035 = 47.0061 BTC [+]
assbot: [MPEX] [S.MPOE] 39194 @ 0.00037582 = 14.7299 BTC [+]
assbot: [MPEX] [S.MPOE] 31300 @ 0.00037622 = 11.7757 BTC [+]
assbot: [MPEX] [S.MPOE] 10000 @ 0.00037682 = 3.7682 BTC [+]
assbot: [MPEX] [S.MPOE] 24860 @ 0.0003785 = 9.4095 BTC [+]
assbot: [MPEX] [S.MPOE] 28652 @ 0.00037878 = 10.8528 BTC [+]
assbot: [MPEX] [S.MPOE] 10000 @ 0.0003791 = 3.791 BTC [+]
assbot: [MPEX] [S.MPOE] 1167867 @ 0.00038 = 443.7895 BTC [+]
assbot: [MPEX] [S.MPOE] 32468 @ 0.0003815 = 12.3865 BTC [+]
mircea_popescu: maybe nao we can put the entire glbse nuttery behind us and carry on.
assbot: [MPEX] [S.MPOE] 21623 @ 0.00038231 = 8.2667 BTC [+]
assbot: [MPEX] [S.MPOE] 38377 @ 0.00038417 = 14.7433 BTC [+]
assbot: [MPEX] [S.MPOE] 720 @ 0.00038417 = 0.2766 BTC [+]
gribble: You rated user smickles on Sat Aug 25 08:39:34 2012, giving him a rating of 4, and supplied these additional notes: He's been running MPOE.ETF and releasing THE monthly reports, a model for all Bitcoin financial reporting. Also handled k's of BTC as broker for various clients..
mircea_popescu: and also why do you call me mirceau and why do you type out the name ? type mi press tab or so
copumpkin: just be glad that mircea_popescu doesn't have any weird diacritics
copumpkin: that S thing is more like an english sh, right?
mircea_popescu: dubious hicks got into an argument, beat each other up.
mircea_popescu: her romanian shocking to romanians cause it is marginally intelligible but sounds like how a sparrow or some other bird'd be speaking it.
Azelphur: smickles: did you get anything yet?
Azelphur: yea GLBSE just paid out my balance
assbot: [MPEX] [S.MPOE] 36800 @ 0.00039093 = 14.3862 BTC [+]
BTC-Mining: Well, been a real mess, but at least it seems Nefario is honest even if he wussed out because of legal concerns.
kakobrekla: the number seems to round to be my balance
kakobrekla: id say its more or less, not my balance
BTC-Mining: Eh, what if he's too lazy to type/copy the whole thing and pays out manually and just rounds up to the next bitcent or something
BTC-Mining: Copy pasting is way too much work you know.
mircea_popescu: BTC-Mining did you receive the more or less correct sum ?
BTC-Mining: I'll report when I get paid mine, I rounded it down to the bitcent
BTC-Mining: I think they just got paid out. Mine might arrive soon.
assbot: [MPEX] [S.MPOE] 63600 @ 0.00039179 = 24.9178 BTC [+]
assbot: [MPEX] [S.MPOE] 250 @ 0.0004 = 0.1 BTC [+]
assbot: [MPEX] [S.MPOE] 15000 @ 0.00041234 = 6.1851 BTC [+]
assbot: [MPEX] [S.MPOE] 2921150 @ 0.00042 = 1226.883 BTC [+]
Azelphur: I don't even know what my balance was in GLBSE, I got sent 10.1, it sounds about right
Azelphur: hopefully this means smickles has SS data and that can clean up now
Azelphur: then I won't be poor any more, yay \o/
assbot: [MPEX] [S.MPOE] 37500 @ 0.00041222 = 15.4583 BTC [-]
rdponticelli: Yeah, I received the spare change I had in glbse
rdponticelli: Now, it's still missing the important, the asset information
assbot: [MPEX] [S.MPOE] 900 @ 0.00041698 = 0.3753 BTC [+]
assbot: [MPEX] [S.MPOE] 56900 @ 0.00041701 = 23.7279 BTC [+]
assbot: [MPEX] [S.MPOE] 100 @ 0.00042 = 0.042 BTC [+]
jurov: your funds are welcome on coinbr, you know
jurov: gsdpt will be interesting, too. i hope deadterra will not sell it all and peruse my offer instead.
BTC-Mining: jurov, nah, I'll just use MPEx directly
maximian: wow, what's going on with S.MPOE?
jurov: maximian, apparently because glbse paid back
BTC-Mining: That requires 5490 BTC to place in escrow for it...
BTC-Mining: And gives you 1.43% of Mpex earnings (14 million / 1000 million shares)
PsychoticBoy: I am off to bed and HOPEFULLY tomorrow Ill get paid but not today :(
assbot: [MPEX] [S.MPOE] 5000 @ 0.00041222 = 2.0611 BTC [-]
assbot: [MPEX] [S.MPOE] 2573 @ 0.00041195 = 1.0599 BTC [-]
BTC-Mining: It's now 3 AM in the UK, guess Nefario would be sleeping by now
BTC-Mining: Hopefully payments will resume tomorrow
assbot: [MPEX] [S.MPOE] 6200 @ 0.00041008 = 2.5425 BTC [-]
BTC-Mining: Although sundials wouldn't work if we did that...
BTC-Mining: THINK OF THE POOR SUNDIALS IN MONUMENTS!
BTC-Mining: It would clear the confusion for those with a day/night period fitting UTC (Like 0-6 AM, probably sleeping)
BTC-Mining: But we'd still get confused about people in other timezone since we'd still have to calculate what their day/night hours are.
rdponticelli: But yes, I understand we can't change something no to obsolete some technology which is already obsolete...
rdponticelli: I don't know about the last point, I don't care if midnight is 12 or 24
BTC-Mining: We add +/- timezones and their schedule fits our hours.
rdponticelli: No, it's not easier when you got a mess everytime you're trying to figure what time is in some other place...
BTC-Mining: But the whole point when checking the time in another time zone is to determine what point of the day they are in.
BTC-Mining: If everyone has the same time, you have to figure what their day/night hours are instead.
rdponticelli: I receive some mail, or read some post on some forum...
BTC-Mining: They're usually set for your timezone...
BTC-Mining: Eh, what do you need timezone for GLBSE for?
rdponticelli: I'm just say that it would be easy if it was the same hour for everybody at the same time
rdponticelli: There's a reason why the systems now are configured in UTC
rdponticelli: Back in the times, they used to be in local time, and it became a mess as soon as they had to share information
novusordo: just popping in for a second, but is my assumption that there has been no new info from GLBSE correct?
mircea_popescu: BTC-Mining is this turning into a pirate, 23/690 accts paid sorta ordeal ?
mircea_popescu: novusordo some people came in and said they were paid. it seemed like it's all paid but now there's also people who haven't, and the ones paid are in the <10btc range
mircea_popescu: rdponticelli you'll have to get all the old folks who don't even grok the internet accept that the sun sets at 7am ?
BTC-Mining: hey mircea, some questions I have here
BTC-Mining: If I want to buy/sell options on the market
BTC-Mining: I get it I have to create them with MKOPT and it always take 1 BTC in collateral
assbot: [MPEX] [S.MPOE] 3600 @ 0.00041008 = 1.4763 BTC [-]
assbot: [MPEX] [S.MPOE] 8100 @ 0.00040888 = 3.3119 BTC [-]
BTC-Mining: Suppose I sell it for a fraction of it's value on the market. What happens with the escrowed BTC?
BTC-Mining: aye, so it's returned at the end of the month, or part of it.
mircea_popescu: there's for instance a guy keeps making huge bulks of c10t s
jcpham: oh come on mircea_popescu
mircea_popescu: and at the end of the month he gets something, 0.0x or more possibly if the price goes down
jcpham: tell everyone how you dip into funds
jcpham: ok i made that up. i admit it
BTC-Mining: oh... so by making a split, I get twice the BTC put up front in escrow with no fees.
BTC-Mining: But if I don't sell like I want, if price goes up/down, no loss
mircea_popescu: you put up 20.4 btc get 20 call contracts, of your choosing
mircea_popescu: you put up 20 btc you get 10 call contracts and x put contracts of your chosing
BTC-Mining: So if you make a split, price moves and you don't sell any contract like you wanted, at the end of the month, it results in a 0 BTC loss or gain.
BTC-Mining: Seems good, you put more BTC in escrow
mircea_popescu: and if you sell the out of the money side and it stays out of the money you make that sale profit
BTC-Mining: But if you only want to sell one way, the 2% fee saved can go a long way
mircea_popescu: well, yes, it practically boils down to, a little overescrow.
mircea_popescu: mpex doing it's part to promote financial responsibility.
mircea_popescu: but anyway, consider the case you have 10k btc and want to ensure that they don't go under 100k usd.
mircea_popescu: you make 5k atm calls/puts, you sell the calls, keep the puts. if price goes down in fact you make a decent profit
mircea_popescu: obviously if it goes up you can make a loss. but you can adjust the % you sell to suit your expectations
mircea_popescu: i'm kinda proud of the fact that mpex allows not only option buying, but also option writing, without any unbound risk.
assbot: [MPEX] [S.MPOE] 21200 @ 0.00040933 = 8.6778 BTC [+]
BTC-Mining: so, if someone exercies an option at a profit... collateral is lost eh.
BTC-Mining: So, suppose I create a call (1 BTC escrow) struck at 20. Price is 12 USD/BTC and stays 12 USD/BTC
BTC-Mining: Technically the call has a negative value of -0.6666666
BTC-Mining: hmm... right. Because you only lose from escrow what the other party exercises.
BTC-Mining: So if it's negative, the exercising party gains zero and the BTC is returned instead.
mircea_popescu: that's why they are called options. they convey the right but not the obligation.
BTC-Mining: Slightly confusing at first but very interesting. I should try and start playing with those.
BTC-Mining: Last question. We need to put strike/spot BTC for a put option.
BTC-Mining: So a struck at 20 would require if price was 12, 1.66 BTC
assbot: [MPEX] [S.MPOE] 20466 @ 0.00040933 = 8.3773 BTC [+]
mircea_popescu: split works automatically, you declare the capital and the option
mircea_popescu: it rounds issuance down, so you could end up with 0 puts if the strike is high
BTC-Mining: Aye, but making a put contract with strike of 20 when BTC is worth 12, would require 1.66666... BTC?
BTC-Mining: Wouldn't the exercising value for the put @ 20 strike be 19 BTC?
mircea_popescu: you'd just not get anything out of your colateral in practice.
mircea_popescu: well, it'd work cause at the time you posted the collateral it was in fact worth enough to cover in dollahs.
BTC-Mining: but... it would have to be converted to dollars to work.
BTC-Mining: Which means even if the contract is not exercised, there could be a loss in BTC if the price increase instead for the contract maker.
mircea_popescu: but for simplicity's sake all those things happen behind the scenes.
BTC-Mining: ok, but let's say BTC price is 12 USD and I make a split at strike 12 for 100 contracts. I put 200 in collateral. Now let's say price goes to 20.
BTC-Mining: I sell both 100 put and 100 call contracts.
BTC-Mining: I lose 0.4 BTC per call struck at 12 exercised for 40 BTC loss. Other guy doesn't redeem his option because it's negative.
BTC-Mining: But the 100 BTC for the PUT should have been converted to USD.
mircea_popescu: <mircea_popescu> but for simplicity's sake all those things happen behind the scenes.
BTC-Mining: So should be worth 1200 / 20 = 60 BTC, or another 0.4 BTC loss.
mircea_popescu: you'd lose nothing on the calls and .2 on the puts, coming out to 180 btc.
assbot: [MPEX] [S.MPOE] 29800 @ 0.00040952 = 12.2037 BTC [+]
BTC-Mining: Aye... but now let's assume the opposite in the extreme. Price goes down to 0.01 USD... The calls are worth nothing so are not exercised. So you get back 100 BTC. However... Puts are worth 1199 BTC and are exercised, so you need 119900 BTC to pay out with 100 BTC only in collateral.
mircea_popescu: i need 119900 new btc. as far as you're concerned, you get 100 btc back
BTC-Mining: Sounds messed up. Basically the exchange has absorbs the losses from unexercised contracts which goes over the collateral.
BTC-Mining: Shouldn't calls require BTC collateral (like they do) and put require USD collateral?
BTC-Mining: It seems tho that logically, that's how they should be. Because unexercised contracts returns the escrow and a PUT technically is going long with USD, so if that contract makes a profit, it makes it on USD valuating, so escrow should be in USD
mircea_popescu: except mpex works in bitcoin. why should i bother the customer with filthy fiat ?
mircea_popescu: "Even if they had every regulation in place, it still has other flaws, like being deflationary and non-reversible. The only time bitcoins will be "stable" is when the number of users drops very low"
mircea_popescu: god i love the opinions of the incompetent on matters they don't understand
mircea_popescu: sex has also flaws. it is pleasurable and makes time zip by!
BTC-Mining: Yeah, but it basically means every time bitcoins value go down by a lot, MPEx has to pay for it because the escrow is not USD
assbot: [MPEX] [S.MPOE] 438 @ 0.00040952 = 0.1794 BTC [+]
BTC-Mining: So basically, I could just make splits safely and indefinitly and any time BTC price would crash, I'd profit.
BTC-Mining: Because I can't lose more than escrow but can gain more than escrow
BTC-Mining: Since there's no fee for splits and assuming I have 2 account
mircea_popescu: so, you split a bitcoin, get some calls and some puts. nwo what ?
BTC-Mining: Let me make 1 million such contract then crash the market price
mircea_popescu: you crash the price with your other million. since we now have superpowers, i buy your other million.
BTC-Mining: I know, I don't have the funds. Just daydreaming
mircea_popescu: but i mean, if you're daydreaming it'd be cheaper to buy a buncha calls and push the price up lol
mircea_popescu: i mean... it's the nature of options, they lend themselves to daydreaming.
BTC-Mining: I'll strike them at 20 for 1.66 million, crash price to 4 BTC with a few 100Ks, redeem 1 million x 4 BTC. I get 4 million BTC, lose 1.66 collateral and a few 100Ks
gribble: There are currently 209213.01 bitcoins demanded at or over 4.0 USD, worth 1651453.94475 USD in total.
mircea_popescu: say 333k btc sold at ~5 or so on avg to crash it all to 4.
BTC-Mining: +209k I have to sell at a loss, let's round it up to 1.9 mn
mircea_popescu: now, of your original 2mn btc you have 1,666mn usd and 1.666 mn btc
mircea_popescu: so you cash 4.15mn btc on the options, lose the escrow. you now have 4.15mn btc worth 4 each and 1.66mn usd
mircea_popescu: considering you started with 2mn btc worth ~24mn usd each and now have ~1.66mn usd and another 1.66mn in btc
mircea_popescu: this all notwithstanding that i wouldn't allow the insanity in the first place, just for the sake of argument.
BTC-Mining: No, because there was no USD in escrow and you have to buy those to pay me. I'd like to see that not switching the price back far over it's original value.
mircea_popescu: well yes my dear BTC-Mining, in this game where you're the only one that has any btc and any usd you can ofcourse do whatever you like lol
BTC-Mining: But even so, you paid a lot for them and have to give them to the market manipulator along with his own escrow + extra.
BTC-Mining: I only sold 333k + gave 1.66mn in esscrow and you have to give 4 mn
BTC-Mining: But even on a low scale with 1 or 2 contract made by split.
BTC-Mining: price movement loss/win evens out the execution of said contracts
BTC-Mining: Until there's a large drop, at which point 1st account lose escrow and 2nd account makes a profit.
mircea_popescu: well what can i say, i'm guessing you should try this ?
BTC-Mining: Well that's assuming bitcoins wouldn't keep up the deflationary curve...
mircea_popescu: keep btc locked up in the hopes that maybe price collapses and you get a lot more of the collapsed currency
mircea_popescu: but anyway, a conversation we should continue at a later time, i gtg now.
BTC-Mining: But if you have nothing to do with your bitcoins, seems like something I'd suggest.
BTC-Mining: No, I'd recommend investing the coins if possible.
BTC-Mining: Otherwise, you can keep them valuating safely
BTC-Mining: while still retaining a BTC gain for free should market collapse.
assbot: [MPEX] [S.MPOE] 8334 @ 0.00040933 = 3.4114 BTC [-]
assbot: [MPEX] [S.MPOE] 17827 @ 0.00040908 = 7.2927 BTC [-]
assbot: [MPEX] [S.MPOE] 20900 @ 0.00040908 = 8.5498 BTC [-]
BTC-Mining: Damn... of course I didn't get my BTC yet...
BTC-Mining: Seems my firewall decided to block it...
BTC-Mining: Going to eat something and will report back afterward if I got paid already
assbot: [MPEX] [S.MPOE] 26862 @ 0.00040952 = 11.0005 BTC [+]
assbot: [MPEX] [S.MPOE] 22538 @ 0.00040967 = 9.2331 BTC [+]
assbot: [MPEX] [S.MPOE] 6173 @ 0.00040908 = 2.5253 BTC [-]
assbot: [MPEX] [S.MPOE] 11416 @ 0.00040888 = 4.6678 BTC [-]
assbot: [MPEX] [S.MPOE] 811 @ 0.00040806 = 0.3309 BTC [-]
BTC-Mining: Well, I'm glad to report GLBSE paid me out too
asa1024: what about the stock holdings?
rg: after everyone villified nefario
BTC-Mining: But at least we now know it's not like pirate only paying out small accounts
rg: saying he was going to rip them off
rg: hes come through and paid out
asa1024: uh sure - what about the stock holdings?
rg: uh its a huge task to pay out thousands of btc
rg: perhaps he want sto make it gets done properly
rg: or perhaps you can let him know its ok if he sends your BTC to someone else
BTC-Mining: Which totals to what my 3 subaccounts should have had
rg: im wondering how div payments are gonna work
BTC-Mining: Which might or might not be unnaccounted for dividends
rg: i have brendio doing a passthru asset
rg: technically i just pay divs to him and he dulls them out
rg: no offense to brendio but
rg: how do we keep him honest
rg: i just want to make sure when i pay out 60 btc in divs
rg: they actually get where theyre meant to go
BTC-Mining: Eh... I expect a lot of people going around saying they haven't been paid and had 2 billion shares of this and that.
rg: im worried then when i pay my share holders
rg: they dont get the payout
assbot: [MPEX] [S.MPOE] 21100 @ 0.00040967 = 8.644 BTC [+]
rg: most of them have given me a lot of money
rg: its a lot of money to me
rg: and id like to make sure they get their cut
rg: in reality our total taken in from the asset is probably $4k
rg: but that's a lot of money to me
thestringpuller: but there could be a scenario where some shareholders can't prove they own shares
rg: if people wanna give back their shares
BTC-Mining: Well I'm sure not 100% will claim their account
thestringpuller: it's an inevitability of an assets exchange shutting down improperly
rg: it would be dumb for them not to
thestringpuller: if all the users had gpg key fingerprints, it would be a no brainer
BTC-Mining: and damn, I'll need to put a keylock on my bedroom's door
rg: my door has a lock but its a joke
rg: its the one you can stick an allen wrench into
BTC-Mining: Because I don't like drunken people crashing in my bed.
BTC-Mining: rg: my door lock isn't a lock, it's one of those things you can turn with your nail. Not really a lock, looks like a screw from outside.
BTC-Mining: Because I actually use heating in my room, and apparently it's comfortable. Apparently it's also just fun to come in to talk gibberish then fall asleept...
BTC-Mining: Yeah, well it's my father. I decided to go share the appartment block with him and my cousin.
BTC-Mining: Inherited by my father and uncles/aunts from the grandparents.
BTC-Mining: Was pretty much a familial home long ago but was mostly empty nowadays.
BTC-Mining: Well, it's cheaper but I'll still pay a rent soon.
BTC-Mining: The 2nd floor needs to be renovated, once that's done, there will be a rent.
BTC-Mining: Might even find extra roommates to fill the place.
BTC-Mining: We take 3 bedrooms, there'll be 3 left.
rg: btc-mining: you could put miners in the free space
BTC-Mining: I think I'll go rack mounted and place miners in a datacenter however.
BTC-Mining: Eh, anyone knows why addresses on a wallet cannot be deleted?
BTC-Mining: I know some addresses might be needed multiple times if someone tries to repay to the same address but... why would clients block that possibility?
assbot: [MPEX] [S.MPOE] 5165 @ 0.00040806 = 2.1076 BTC [-]
BTC-Mining: My OCD is going haywire from not being able to delete things I don't want to use anymore =/
thestringpuller: As Ed Wuncler once said, "[bfl] is trying to buttfuck me on the time/price"
thestringpuller: lol cryptoxchange is so illiquid right now 15% spread on 10 BTCs
assbot: [MPEX] [S.MPOE] 11119 @ 0.00040967 = 4.5551 BTC [+]
assbot: [MPEX] [S.MPOE] 18065 @ 0.00041036 = 7.4132 BTC [+]
assbot: [MPEX] [S.MPOE] 28284 @ 0.00041041 = 11.608 BTC [+]
Diablo-D3: mircea_popescu: idiocracy is the word you're looking for
assbot: [MPEX] [O.BTCUSD.P010T] 30 @ 0.03 = 0.9 BTC [+]
assbot: [MPEX] [O.BTCUSD.C040T] 1 @ 0.72150649 BTC [+]
BTC-Mining: I kind of have a hard time with the split function tho
mircea_popescu: so i'm noticing a pattern here. first bitcoin convention, organised by buttwrangler, before mybitcoin disaster
BTC-Mining: Well I tried to split 1 and I got 1 put, 0 call
BTC-Mining: Then I tried to split 2 and got 1 call, 2 put =/
BTC-Mining: hmm... what happens if I split... then exercise the hald I don't want?
BTC-Mining: Wouldn't it end up like getting a mkopt without the 2% fees?
BTC-Mining: aye, but the exercise value is either null (refund of escrow) or gives value + (escrow - value)
BTC-Mining: Or do we still have to wait the end of the month to get the escrow?
BTC-Mining: So no advantage to do anything split then exercise to avoid fees since we don't get it back
assbot: [MPEX] [S.MPOE] 37900 @ 0.00040806 = 15.4655 BTC [-]
BTC-Mining: hmm, so MKTOP will always cost 0.02 BTC per call and 2% of (PUT STRIKE / CURRENT MARKET)
BTC-Mining: Where is the current market price fetched?
BTC-Mining: Well, not sure how frequently they change it
gribble: Error: "bc" is not a valid command.
gribble: Error: "bc,total" is not a valid command.
gribble: Alias bc,24hprc, Alias bc,avgprc, Alias bc,bitpenny, Alias bc,blockdiff, Alias bc,blocks, Alias bc,bounty, Alias bc,btcguild, Alias bc,calc, Alias bc,calcd, Alias bc,convert, Alias bc,deepbit, Alias bc,diff, Alias bc,diffchange, Alias bc,eligius, Alias bc,estimate, Alias bc,fx, Alias bc,gen, Alias bc,gend, Alias bc,halfreward, Alias bc,help, Alias bc,hextarget, Alias bc,intersango, Alias (2 more messages)
assbot: [MPEX] [S.MPOE] 3382 @ 0.00040983 = 1.386 BTC [+]
BTC-Mining: My options spreadhseet now autofetch the data from bitcoinchart
BTC-Mining: I'm now well tooled to quickly check margin vs fee for MKOPT compared to current bids
assbot: [MPEX] [S.MPOE] 10516 @ 0.00041041 = 4.3159 BTC [+]
assbot: [MPEX] [S.MPOE] 18401 @ 0.00041054 = 7.5543 BTC [+]
assbot: [MPEX] [S.MPOE] 25400 @ 0.000411 = 10.4394 BTC [+]
assbot: [MPEX] [S.MPOE] 46124 @ 0.00041198 = 19.0022 BTC [+]
assbot: [MPEX] [S.MPOE] 21500 @ 0.00041222 = 8.8627 BTC [+]
assbot: [MPEX] [S.MPOE] 45399 @ 0.00041238 = 18.7216 BTC [+]
assbot: [MPEX] [S.MPOE] 49900 @ 0.00041265 = 20.5912 BTC [+]
assbot: [MPEX] [S.MPOE] 53001 @ 0.00041351 = 21.9164 BTC [+]
assbot: [MPEX] [S.MPOE] 12917 @ 0.00041479 = 5.3578 BTC [+]
assbot: [MPEX] [S.MPOE] 27200 @ 0.00041609 = 11.3176 BTC [+]
assbot: [MPEX] [S.MPOE] 30600 @ 0.0004177 = 12.7816 BTC [+]
assbot: [MPEX] [S.MPOE] 25000 @ 0.00041876 = 10.469 BTC [+]
assbot: [MPEX] [S.MPOE] 434042 @ 0.00042 = 182.2976 BTC [+]
BTC-Mining: Someone saw massive profit from 2% fees? Let me start trading first!
assbot: [MPEX] [O.BTCUSD.P010T] 25 @ 0.0213913 = 0.5348 BTC [-]
assbot: [MPEX] [S.MPOE] 9900 @ 0.00041239 = 4.0827 BTC [-]
assbot: [MPEX] [S.MPOE] 27818 @ 0.00041474 = 11.5372 BTC [+]
assbot: [MPEX] [S.MPOE] 12982 @ 0.00041474 = 5.3842 BTC [+]
assbot: [MPEX] [S.MPOE] 107018 @ 0.00042 = 44.9476 BTC [+]
assbot: [MPEX] [O.BTCUSD.P020T] 13 @ 0.02723297 = 0.354 BTC [+]
assbot: [MPEX] [O.BTCUSD.P020T] 8 @ 0.02582572 = 0.2066 BTC [-]
assbot: [MPEX] [O.BTCUSD.P020T] 39 @ 0.02274183 = 0.8869 BTC [-]
assbot: [MPEX] [O.BTCUSD.P020T] 47 @ 0.01999854 = 0.9399 BTC [-]
assbot: [MPEX] [O.BTCUSD.P020T] 30 @ 0.01744936 = 0.5235 BTC [-]
assbot: [MPEX] [S.MPOE] 1045 @ 0.00040596 = 0.4242 BTC [-]
assbot: [MPEX] [S.MPOE] 3000 @ 0.00040588 = 1.2176 BTC [-]
assbot: [MPEX] [S.MPOE] 10000 @ 0.00040573 = 4.0573 BTC [-]
assbot: [MPEX] [S.MPOE] 19200 @ 0.00040566 = 7.7887 BTC [-]
assbot: [MPEX] [S.MPOE] 855 @ 0.00040515 = 0.3464 BTC [-]
assbot: [MPEX] [S.MPOE] 13800 @ 0.00040657 = 5.6107 BTC [+]
assbot: [MPEX] [S.MPOE] 53300 @ 0.00040669 = 21.6766 BTC [+]
assbot: [MPEX] [S.MPOE] 40020 @ 0.00040732 = 16.3009 BTC [+]
assbot: [MPEX] [S.MPOE] 4000 @ 0.00040901 = 1.636 BTC [+]
assbot: [MPEX] [S.MPOE] 11803 @ 0.00041087 = 4.8495 BTC [+]
assbot: [MPEX] [S.MPOE] 12859 @ 0.00041138 = 5.2899 BTC [+]
assbot: [MPEX] [S.MPOE] 29592 @ 0.0004121 = 12.1949 BTC [+]
assbot: [MPEX] [S.MPOE] 19900 @ 0.00041241 = 8.207 BTC [+]
assbot: [MPEX] [S.MPOE] 3648 @ 0.0004144 = 1.5117 BTC [+]
assbot: [MPEX] [S.MPOE] 3295 @ 0.00041463 = 1.3662 BTC [+]
assbot: [MPEX] [S.MPOE] 51100 @ 0.00041695 = 21.3061 BTC [+]
assbot: [MPEX] [S.MPOE] 7143 @ 0.00041789 = 2.985 BTC [+]
assbot: [MPEX] [S.MPOE] 4097 @ 0.00041864 = 1.7152 BTC [+]
assbot: [MPEX] [S.MPOE] 9500 @ 0.00041903 = 3.9808 BTC [+]
assbot: [MPEX] [S.MPOE] 1735943 @ 0.00042 = 729.0961 BTC [+]
assbot: [MPEX] [S.DICE] 180 @ 0.0032 = 0.576 BTC [-]
smickles: Azelphur: did i receive anything from glbse yet? Yes, the btc which was in the mpoe.etf account. Nothing more.
smickles: mircea_popescu: not the ojher (ss) and not my brokerage account yet
assbot: [MPEX] [O.BTCUSD.C130T] 3 @ 0.08225983 = 0.2468 BTC [-]
smickles: this may indicate that there is a minimum balance to have inorder to be paid
smickles: the SS account only had a couple hundred satoshi
mircea_popescu: so basically, all accts were paid their btc balance is the correct statement
smickles: if we consider two of my accounts to be 'below the round' i suppose we can say all my accounts were paid their btc
smickles: mircea_popescu: this would indicate that over 3/4 of mpoe.etf shareholders got out before the fall
mircea_popescu: very sloppy way to close things, ignoring some accts for being below the round, obviously
smickles: in 'principal', it's wrong to round off some accounts like that
smickles: heh, i thoung you might like that one ;)
gribble: Best bid: 11.95, Best ask: 11.9625, Bid-ask spread: 0.01250, Last trade: 11.9625, 24 hour volume: 12355, 24 hour low: 11.8502, 24 hour high: 12
Diablo-D3: and my box failed to unhibernate correctly
smickles: I seem to have received some btc
smickles: and had a couple of account counted to be worth too little to pay back
PsychoticBoy: I recieved Only the btc in my private account (7.4 btc)
PsychoticBoy: ABM and FDBF is still pending, just like all the assets/shares I own
assbot: [MPEX] [S.MPOE] 38900 @ 0.00040515 = 15.7603 BTC [-]
mircea_popescu: PsychoticBoy hm, smickles got the btc from the mpoe acct.
Diablo-D3: smickles: I guess the bfl bet is dead now
Azelphur: just received this email "Your GLBSE account has been processed for bitcoin. The next step will be to send you information about your assets, and to provide this information to issuers (if you agreed) allowing you to continue your relationship with your issuers."
assbot: [MPEX] [S.MPOE] 1945 @ 0.00040515 = 0.788 BTC [-]
assbot: [MPEX] [S.MPOE] 37455 @ 0.00040466 = 15.1565 BTC [-]
assbot: [MPEX] [S.MPOE] 16145 @ 0.00040466 = 6.5332 BTC [-]
assbot: [MPEX] [S.MPOE] 18710 @ 0.0004045 = 7.5682 BTC [-]
assbot: [MPEX] [S.MPOE] 27590 @ 0.0004045 = 11.1602 BTC [-]
assbot: [MPEX] [S.MPOE] 7610 @ 0.00040447 = 3.078 BTC [-]
EskimoBob: Diablo-D3: what are your plans if you get the GLBSE shareholders list? Or let me ask this. have issuers agreed on some grand plan of moving to same "place" or something like that?
EskimoBob: I had like multiple stuff in my "portfolio" and if everyone walk in different direction, this is going to be a real PITA
Diablo-D3: EskimoBob: dmc is shutting down still
Diablo-D3: EskimoBob: anyhow, yeah, it may end up that DMC shares are worth nothing
assbot: [MPEX] [S.MPOE] 9673 @ 0.00040447 = 3.9124 BTC [-]
assbot: [MPEX] [S.MPOE] 30983 @ 0.00040444 = 12.5308 BTC [-]
smickles: glbse pays and mpex rises, eh?
EskimoBob: yes, this sucks indeed unless you list them somewhere else.
EskimoBob: asstes-otc is actually a interesting concept
Diablo-D3: EskimoBob: well, Im going to see if glbse gives me a list of all dmc holders
Diablo-D3: Ill see if I can just buy out all the smallest holders first
EskimoBob: I think I had some shares left too :)
smickles: ok, i'm fairly confident that only one of the glbse accounts which I controlled was 'processed'
smickles: i say this because i only received an email for the one, and not the otheres
Diablo-D3: smickles: did you get a bunch of tx spam though?
jurov: interesting, nobody added mpex to stumbleupon yet
assbot: [MPEX] [S.MPOE] 8800 @ 0.00040444 = 3.5591 BTC [-]
smickles: Diablo-D3: tx spam? I don't get much spam other that penis pills and the like
assbot: [MPEX] [O.BTCUSD.C170T] 6 @ 0.01749603 = 0.105 BTC [-]
assbot: [MPEX] [S.MPOE] 8317 @ 0.00040444 = 3.3637 BTC [-]
assbot: [MPEX] [S.MPOE] 42000 @ 0.00040438 = 16.984 BTC [-]
assbot: [MPEX] [S.MPOE] 7683 @ 0.00040434 = 3.1065 BTC [-]
pigeons: bfl is also doing an asic raffle
pigeons: the winners get them before other asics come out, and 2nd place gets a product close to advertised specs at all ever
assbot: [MPEX] [S.MPOE] 1000 @ 0.00040434 = 0.4043 BTC [-]