log☇︎
▁▁▁▁▁▁▁⏐︎▁ 5723
assbot: [MPEX] [S.MPOE] 17204 @ 0.00065627 = 11.2905 BTC [-]
assbot: [MPEX] [S.MPOE] 11956 @ 0.000651 = 7.7834 BTC [-]
assbot: [MPEX] [S.MPOE] 22800 @ 0.00064714 = 14.7548 BTC [-]
assbot: [MPEX] [S.MPOE] 1950 @ 0.00064 = 1.248 BTC [-]
assbot: [MPEX] [S.MPOE] 24700 @ 0.00064 = 15.808 BTC [-]
assbot: [MPEX] [S.MPOE] 7770 @ 0.00064 = 4.9728 BTC [-]
assbot: [MPEX] [S.MPOE] 19150 @ 0.00063948 = 12.246 BTC [-]
assbot: [MPEX] [S.MPOE] 13080 @ 0.00063915 = 8.3601 BTC [-]
mircea_popescu: if anyone is looking for an economic/political debate --> http://trilema.com/2013/of-skimmed-milk-and-skimming-the-milk/
assbot: [MPEX] [S.MPOE] 23250 @ 0.00065009 = 15.1146 BTC [+]
assbot: [BTCTC] [BTC-TRADING-PT] 13 @ 0.13 = 1.69 BTC [+]
assbot: [MPEX] [S.DICE] 300 @ 0.00726989 = 2.181 BTC [+]
assbot: [MPEX] [S.MPOE] 13324 @ 0.00065009 = 8.6618 BTC [+]
assbot: [MPEX] [S.MPOE] 5800 @ 0.00063915 = 3.7071 BTC [-]
assbot: [BTCTC] [BASIC-MINING] 10 @ 0.3399 = 3.399 BTC [-]
assbot: [MPEX] [S.MPOE] 30129 @ 0.0006443 = 19.4121 BTC [+]
assbot: [MPEX] [S.MPOE] 3421 @ 0.00063915 = 2.1865 BTC [-]
assbot: [MPEX] [S.DICE] 1632 @ 0.00726989 = 11.8645 BTC [+]
assbot: [MPEX] [S.MPOE] 4408 @ 0.00064847 = 2.8585 BTC [+]
assbot: [MPEX] [S.MPOE] 292 @ 0.00063932 = 0.1867 BTC [-]
assbot: [MPEX] [S.MPOE] 17851 @ 0.00063932 = 11.4125 BTC [-]
assbot: [BTCTC] [BASIC-MINING] 17 @ 0.3399 = 5.7783 BTC [-]
assbot: [BTCTC] [BASIC-MINING] 3 @ 0.34 = 1.02 BTC [+]
assbot: [MPEX] [S.MPOE] 10866 @ 0.00065009 = 7.0639 BTC [+]
assbot: [MPEX] [S.MPOE] 1534 @ 0.00065787 = 1.0092 BTC [+]
assbot: [MPEX] [S.MPOE] 8807 @ 0.00063932 = 5.6305 BTC [-]
assbot: [MPEX] [S.MPOE] 1393 @ 0.00063915 = 0.8903 BTC [-]
assbot: [MPEX] [S.DICE] 1207 @ 0.00728138 = 8.7886 BTC [+]
assbot: [MPEX] [S.MPOE] 12600 @ 0.00063915 = 8.0533 BTC [-]
assbot: [MPEX] [S.MPOE] 19366 @ 0.00065787 = 12.7403 BTC [+]
assbot: [MPEX] [S.MPOE] 19000 @ 0.00065822 = 12.5062 BTC [+]
assbot: [MPEX] [S.MPOE] 1834 @ 0.00065823 = 1.2072 BTC [+]
mircea_popescu: ;;ticker
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: ah finally, proper accounting for soebot
smickles: i have income statements, balance sheets, cash flow, equity, the works
smickles: :D
mircea_popescu: wd!
mircea_popescu: you gonna publish it ?
smickles: hmm, hadn't considered it yet
mircea_popescu: prolly a good thing for teh community
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
mircea_popescu: and since pretty much everyone is a 20something male geek, they learn by example rather than by description.
error4733: Goooood morning Coinland
mircea_popescu: hi.
error4733: http://i.qkme.me/3sr4r6.jpg
smickles: heh, i used gnucash for this. it makes proper gaap statements as far as i can tell
mircea_popescu: did they eventually resolve the debate of what btc should be called ?
mircea_popescu: error4733 tenses are fuct.
smickles: i don't think so, i had to use XXX
mircea_popescu: lol
mircea_popescu: pr0nmoniz ?
mircea_popescu: speaking of which, http://polimedia.us/dtng/c/src/135936043190.gif
mircea_popescu: when they crash she learns to deepthroat.
Anduck: !ticker s.dice
assbot: Aren't those tins of tobacco right there behind you?
Anduck: !ticker mpex s.dice
assbot: [MPEX:S.DICE] 1D: 0.00722182 / 0.007425 / 0.00749999 (112051 shares, 831.98 BTC), 7D: 0.00085848 / 0.00522291 / 0.0075 (1190995 shares, 6,220.47 BTC), 30D: 0.00085848 / 0.00427442 / 0.0075 (10554315 shares, 45,113.65 BTC)
Anduck: fu assbot u know what i meant
mircea_popescu: lol srsly.
assbot: [MPEX] [S.MPOE] 14850 @ 0.00064792 = 9.6216 BTC [-]
Andck: hmmm
azx: good evening
mircea_popescu: hi
assbot: the ass is dead, long live the ass!
assbot: kakobrekla: https://images.encyclopediadramatica.se/5/5d/Hello.jpg
SomeoneWeird: -_-
SomeoneWeird: dntclicktht
Bowjob: goatse
azx: lol, I almost clicked that link
assbot: [MPEX] [S.DICE] 1907 @ 0.0073551 = 14.0262 BTC [+]
assbot: [MPEX] [S.DICE] 450 @ 0.00745535 = 3.3549 BTC [+]
assbot: [MPEX] [S.DICE] 17643 @ 0.00749999 = 132.3223 BTC [+]
assbot: [MPEX] [S.MPOE] 20453 @ 0.00063915 = 13.0725 BTC [-]
assbot: [MPEX] [S.MPOE] 7147 @ 0.00063885 = 4.5659 BTC [-]
assbot: [MPEX] [S.DICE] 1423 @ 0.00737302 = 10.4918 BTC [-]
assbot: [MPEX] [S.MPOE] 7950 @ 0.00064313 = 5.1129 BTC [+]
assbot: [MPEX] [S.MPOE] 4350 @ 0.00064313 = 2.7976 BTC [+]
assbot: [MPEX] [S.MPOE] 8893 @ 0.0006401 = 5.6924 BTC [-]
assbot: [MPEX] [S.MPOE] 14853 @ 0.00063885 = 9.4888 BTC [-]
assbot: [MPEX] [S.MPOE] 13804 @ 0.00063857 = 8.8148 BTC [-]
assbot: [MPEX] [S.MPOE] 8096 @ 0.00063857 = 5.1699 BTC [-]
assbot: [MPEX] [S.MPOE] 23317 @ 0.00063839 = 14.8853 BTC [-]
assbot: [MPEX] [S.DICE] 1800 @ 0.00749999 = 13.5 BTC [+]
assbot: [MPEX] [S.MPOE] 14850 @ 0.00064427 = 9.5674 BTC [+]
assbot: [MPEX] [S.MPOE] 4200 @ 0.00064427 = 2.7059 BTC [+]
assbot: [MPEX] [S.MPOE] 8000 @ 0.00065228 = 5.2182 BTC [+]
assbot: [MPEX] [S.MPOE] 6283 @ 0.00063839 = 4.011 BTC [-]
assbot: [MPEX] [S.MPOE] 1767 @ 0.00063831 = 1.1279 BTC [-]
assbot: [MPEX] [S.MPOE] 12526 @ 0.00065254 = 8.1737 BTC [+]
assbot: [MPEX] [S.MPOE] 4074 @ 0.00065823 = 2.6816 BTC [+]
assbot: [MPEX] [S.MPOE] 18109 @ 0.00064378 = 11.6582 BTC [-]
assbot: [MPEX] [S.MPOE] 1091 @ 0.00065823 = 0.7181 BTC [+]
assbot: [MPEX] [S.MPOE] 14283 @ 0.00063831 = 9.117 BTC [-]
assbot: [MPEX] [S.MPOE] 680 @ 0.00063725 = 0.4333 BTC [-]
assbot: [MPEX] [S.MPOE] 21466 @ 0.00065182 = 13.992 BTC [+]
assbot: [BTCTC] [ESECURITYSABTC] 1 @ 0.82 BTC [+]
assbot: [BTCTC] [BASIC-MINING] 1 @ 0.34 BTC [+]
assbot: [BTCTC] [ESECURITYSABTC] 1 @ 0.71 BTC [-]
assbot: [BTCTC] [ESECURITYSABTC] 20 @ 0.7003 = 14.006 BTC [-]
assbot: [BTCTC] [ESECURITYSABTC] 20 @ 0.7002 = 14.004 BTC [-]
assbot: [BTCTC] [ESECURITYSABTC] 9 @ 0.7 = 6.3 BTC [-]
assbot: [MPEX] [S.MPOE] 6139 @ 0.00065823 = 4.0409 BTC [+]
assbot: [MPEX] [S.MPOE] 2911 @ 0.00065999 = 1.9212 BTC [+]
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."
jurov: ^^ bitcoin tabloid #6, page 57
jurov: got for free yest
jurov: lmao yes mikhail alisie boasted they put it on the table next to cosmopolitan and circlejerk ensued "yeah, it feels similar"
jurov: so i'm leafing in it and encountered this: http://live.coinbr.com/images/bfl.jpg
jurov: had to scan it in. definitely cosmopolitan material
thestringpuller: jurov: are you russian?
jurov: no, slovak
jurov: why?
jurov: i misspelled his name?
kakobrekla: lol
kakobrekla: where is that pic from jurov
kakobrekla: ah
kakobrekla: bitcoin tabloid #6, page 57?
kakobrekla: i guess.
jurov: you want *that* drivel scanned?
jurov: but it's like 3 pages :/
kakobrekla: its ok.
kakobrekla: ill manage without :)
kakobrekla: ty
assbot: [BTCTC] [GSDPT] 1 @ 0.0074 BTC [-]
jurov: nuff fun. back to work.
kakobrekla: man
kakobrekla: been importing blockchain to postgres
kakobrekla: its taking over a week
kakobrekla: and still not done
kakobrekla: impossibru
kakobrekla: would be funny if i couldnt catch up to it.
assbot: [BTCTC] [LTC-MINING] 1 @ 0.49 BTC [+]
jurov: uh, postgres? i like it, but i'd rather use that opportunity to dive into knuth and other less known data structures
jurov: or just use files on reiser4 :D
kakobrekla: hm
pigeons: https://github.com/billstclair/fsdb
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: so sad reiser was such a maniac otherwise
assbot: [MPEX] [S.MPOE] 1419 @ 0.00065999 = 0.9365 BTC [+]
assbot: [MPEX] [S.MPOE] 1781 @ 0.00066028 = 1.176 BTC [+]
Bugpowder: gem is about to hit 100BTC http://www.bitcoingem.com
DeadWeasel: never knew that existed. is there a history for price and number of purchases?
assbot: [MPEX] [S.MPOE] 9050 @ 0.00065746 = 5.95 BTC [-]
DeadWeasel: found it
DeadWeasel: what an odd idea. never know when the next buyer is going to arrive though.
jurov: they heard mircea wondering what to do of these 7kbtc he suddenly got on thursday
jurov: *with these
assbot: [BTCTC] [BTC-BOND] 2 @ 0.0099 = 0.0198 BTC [+]
Bugpowder: you know when its gonna arrive
Bugpowder: IMMEDIATELY
Bugpowder: its very difficult to get your bid in before someone else bids.
Bugpowder: at this point
azx: jurov: reiser4 is super when you have loads of tiny files in huge piles
jurov: azx, i know. and many storage problems can be implemented in that way.
kakobreklaaa: fuckin ass.
Bugpowder: ;;ticker
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
assbot: [MPEX] [S.MPOE] 6500 @ 0.00066029 = 4.2919 BTC [+]
thestringpuller: kakobreklaaa: wtf postgres?
thestringpuller: !ticker m S.DICE
assbot: [MPEX:S.DICE] 1D: 0.00722786 / 0.00744254 / 0.00749999 (122574 shares, 912.26 BTC), 7D: 0.00085848 / 0.00526603 / 0.0075 (1205508 shares, 6,348.25 BTC), 30D: 0.00085848 / 0.0042815 / 0.0075 (10577036 shares, 45,285.60 BTC)
assbot: [MPEX] [S.MPOE] 2267 @ 0.00066029 = 1.4969 BTC [+]
assbot: [MPEX] [S.MPOE] 8050 @ 0.00066127 = 5.3232 BTC [+]
kakobrekla: http://bou.si/4c/1353994707219.jpg
assbot: [MPEX] [S.MPOE] 17450 @ 0.00066411 = 11.5887 BTC [+]
assbot: [MPEX] [S.MPOE] 1650 @ 0.000665 = 1.0973 BTC [+]
kakobrekla: http://shrani.si/f/2m/GT/f3aqrFT/terry-richardson-cow-wom.jpg
assbot: [MPEX] [S.DICE] 550 @ 0.00743189 = 4.0875 BTC [-]
assbot: [MPEX] [S.DICE] 4450 @ 0.00745017 = 33.1533 BTC [+]
assbot: [HAVELOCK] [SDICE] 50 @ 0.8 = 40 BTC [-]
assbot: [MPEX] [S.MPOE] 27050 @ 0.0006627 = 17.926 BTC [-]
assbot: [MPEX] [S.MPOE] 6158 @ 0.000665 = 4.0951 BTC [+]
topace: !ticker h sdice
assbot: [HAVELOCK:SDICE] 1D: 0.79900000 / 0.8 / 0.81000000 (69 shares, 55.20000000 BTC), 7D: 0.44000000 / 0.60774289 / 0.81000000 (1369 shares, 832.00001806 BTC), 30D: 0.37000000 / 0.49998681 / 0.81000000 (5268 shares, 2633.93051794 BTC)
pigeons: this seems odd http://bitbet.us/bet/99/mpex-s-dice-price-ranges-0-00445-0-00495/
thestringpuller: yea why is it not closed
assbot: [MPEX] [S.DICE] 2000 @ 0.00745016 = 14.9003 BTC [-]
assbot: [MPEX] [S.DICE] 500 @ 0.00745017 = 3.7251 BTC [+]
assbot: [MPEX] [S.MPOE] 2393 @ 0.00066355 = 1.5879 BTC [-]
kakobrekla: why would it be closed?
kakobrekla: !ticker m s.dice
assbot: [MPEX:S.DICE] 1D: 0.00722786 / 0.00744277 / 0.00749999 (127674 shares, 950.25 BTC), 7D: 0.00085848 / 0.00527973 / 0.0075 (1204612 shares, 6,360.04 BTC), 30D: 0.00085848 / 0.00428374 / 0.0075 (10584536 shares, 45,341.47 BTC)
kakobrekla: hmm
kakobrekla: yeah
kakobrekla: silly.
assbot: [MPEX] [S.MPOE] 57 @ 0.00066355 = 0.0378 BTC [-]
assbot: [MPEX] [S.MPOE] 4775 @ 0.0006627 = 3.1644 BTC [-]
thestringpuller: when is dividends day for s.dice?
Korbman: ;;ticker
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
assbot: [MPEX] [S.BBET] 280 @ 0.0015 = 0.42 BTC [+]
kakobrekla: http://www.bloomberg.com/news/2013-01-28/bitcoin-s-gains-may-fuel-central-bank-concerns-chart-of-the-day.html
assbot: [MPEX] [S.MPOE] 10250 @ 0.00066025 = 6.7676 BTC [-]
assbot: [MPEX] [S.MPOE] 24566 @ 0.00065746 = 16.1512 BTC [-]
assbot: [MPEX] [S.MPOE] 31568 @ 0.00065746 = 20.7547 BTC [-]
assbot: [MPEX] [S.MPOE] 2232 @ 0.00065236 = 1.4561 BTC [-]
assbot: [MPEX] [S.MPOE] 9850 @ 0.00065236 = 6.4257 BTC [-]
Korbman: kakobrekla: that article is a bit disconcerning
Korbman: I'd like to think Bitcoin is gaining traction, but not nearly enough to undermine a bank
assbot: [MPEX] [S.MPOE] 2268 @ 0.00066028 = 1.4975 BTC [+]
assbot: [MPEX] [S.MPOE] 9700 @ 0.00066159 = 6.4174 BTC [+]
assbot: [MPEX] [S.MPOE] 1232 @ 0.00066499 = 0.8193 BTC [+]
DeadWeasel: nice article kakobrekla
jurov: http://www.forbes.com/sites/jonmatonis/2013/01/28/government-ban-on-bitcoin-would-fail-miserably/
jurov: other opinion. quite saner.
DeadWeasel: thank you
jcpham: good 'ol matonis
jcpham: poking a stick at the gubment
Bugpowder: ;;ticker
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
Bugpowder: dudes
Bugpowder: are we going to seriously challenge $20 again
kakobrekla: yeah
kakobrekla: so sad
Bugpowder: ;;asks 20
jcpham: make me want to cry
gribble: There are currently 37282.992 bitcoins offered at or under 20.0 USD, worth 710857.914524 USD in total.
thestringpuller: ;;bids 17
gribble: There are currently 17502.231 bitcoins demanded at or over 17.0 USD, worth 305581.921765 USD in total.
thestringpuller: ;;bids 18
gribble: There are currently 1048.9977 bitcoins demanded at or over 18.0 USD, worth 18980.1324954 USD in total.
Bugpowder: I am feeling better about drunken purchse of 4,000 calls on Sat night at the ask.
thestringpuller: what C180?
Bugpowder: C170-200
thestringpuller: is 17 worth more now?
Bugpowder: the asks are all up 4-7%
Bugpowder: and the bot hasn't yet caught up to the rise in price.
Bugpowder: no buyers out there though
Bugpowder: for now
thestringpuller: what do you do if the price begins to fall?
thestringpuller: !ticker m O.BTCUSD.C170T
thestringpuller: come one assbot
Bugpowder: I dunno
Bugpowder: we are still 25 days out
Bugpowder: not gonna panic sell
Bugpowder: just keep them up just under mope bot
Bugpowder: someone will probably buy them eventually
Korbman: !ticker m s.dice
Bugpowder: Over 100k bet on S.DICE since the last doog post
Bugpowder: 1 million in bets might be in play this month
kakobrekla: again this.
awkorama: hello everyone
awkorama: does anyone know whether there is a full credit market somewhere in bitcoin ?
assbot: [MPEX] [S.MPOE] 24700 @ 0.00065395 = 16.1526 BTC [-]
assbot: sorru guise, im sick.
jurov: awkorama, hello, what do you mean?
awkorama: some exchange, where I can trade credit derivatives
awkorama: mainly credit default swaps that is
Korbman: !ticker m s.dice
assbot: [MPEX:S.DICE] 1D: 0.00722786 / 0.0074427 / 0.00749999 (125491 shares, 933.99 BTC), 7D: 0.00085848 / 0.00528 / 0.0075 (1201012 shares, 6,341.35 BTC), 30D: 0.00085848 / 0.00428374 / 0.0075 (10584536 shares, 45,341.47 BTC)
jurov: dunno.. and bitcoin defaulted loans are usually worthless
awkorama: well they wouldn't be if there was protection to buy
DeadWeasel: sounds like a business opportunity for you awkorama
jurov: i mean, it's impossible to price such a thing reasonably.. but if you can yes it's opportunity
awkorama: demand and supply is enough for pricing I suppose
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
DeadWeasel: i loathe things I don't understand. Credit Default Swaps are one of those things (there are many).
awkorama: DeadWeasel: do you understand shorting ?
mod6: http://en.wikipedia.org/wiki/Credit_default_swap
Bugpowder: ;;ticker
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
Bugpowder: counterparty risk in bitcoin world is astronomical
Bugpowder: people have made reinsurance and default insurance funds
Bugpowder: they were all scams
Bugpowder: or so ineptly run so as to approximate scams (usagi for example)
mod6: ^^^^
awkorama: i understand that otc cds market would not work, that's why exchange + clearing house that is (more trusted) is required
awkorama: that would escro the collateral
awkorama: escrow**
DeadWeasel: so it's loan insurance?
DeadWeasel: it's turtles all the way down...
awkorama: yes
DeadWeasel: thx for link. figured it would be more complicated.
awkorama: sorry, what does that idiom mean?
DeadWeasel: after checking the wiki, it is not an apt metaphor.
DeadWeasel: http://en.wikipedia.org/wiki/Turtles_all_the_way_down
jurov: awkorama, actually do you see any two parties atm where cds would work?
awkorama: yes
jurov: for example?
jurov: i mean in bitcoinland
awkorama: somebody wanting to short s.dice
awkorama: vs. someone trying to invest in it indirectly
jurov: smickles already offers s.dice for shorting
jurov: now if he wanted to use cds to insure the loan, how would he go about it?
awkorama: he would buy CDS
awkorama: in the event of default (determined by the exchange on objective conditions) he would receive the principal
jurov: yes. but how would you price the cds (if you were selling them)? that would be insane
awkorama: as a seller of protection ?
awkorama: mainly using the interest rate + research on the reference entity
jurov: in a situation like... on btcjam is only some 78% loans paid. and they ask personal info to eventually recover these loans later
jurov: we don't have much personal info between us
awkorama: well then that protection would be bloody expensive
awkorama: because the loan itself is risky
jurov: mircea already did experiment with CDOs, and it didn't go well exactly cause of this
awkorama: 78% is a bad overall rate, I give you that
assbot: [MPEX] [S.MPOE] 17429 @ 0.00065149 = 11.3548 BTC [-]
awkorama: but in theory CDS's should help here, cause they generally increase liquidity of debt
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: meaning, if I lend someone 100BTC today and tommorow I don't feel like having such big exposure to him anymore, I can just insure some part of that debt
jurov: the mpoe contract is clear and for the issuer has incentive to stick to it
awkorama: how do these options btw work on MPEx, is the seller required to pay collateral (since he has potential unlimited loss) ?
Bugpowder: yes
Bugpowder: 1btc for calls
Bugpowder: a bit more for puts
Bugpowder: max loss is 1btc on calls
Bugpowder: max loss is Inf btc on put
Bugpowder: but at btc =
awkorama: yeah, sure
Bugpowder: btc = $0, who cares about being down Inf bitcoins
Bugpowder: http://mpex.co/faq.html
jurov: that is not exactly explained in the faq
Bugpowder: the collateral reqs on the SPLIT order are a bit harsh. I think you should get 100 of each side for 100BTC, cause if one side goes to max, the other side is a zero.
assbot: [MPEX] [S.MPOE] 2500 @ 0.00065395 = 1.6349 BTC [+]
assbot: [MPEX] [S.MPOE] 7700 @ 0.00066499 = 5.1204 BTC [+]
Bugpowder: "Each CALL requires 1 BTC of collateral irrespective of strike. Each PUT requires an amount of collateral equal to strike / spot BTC ."
Bugpowder: ^^ from the FAQ
jurov: i mean the reasoning behind that isn't there
Bugpowder: lim of (x-s)/x as x -> Inf is pretty clear
Bugpowder: why u don't need Inf colateral for the puts is not explained
Bugpowder: nor is the puts equation correct in the faq it seems
Bugpowder: I always get less puts then I think I'm gonna get
jurov: i think cause btc can go 50% up and then 50% down in one month
Bugpowder_: hehe it can do that in a WEEK
mircea_popescu: ahh what's new ?
mircea_popescu: lol jurov
mircea_popescu: that an ad ?
jurov: y
jurov: oh and there's a mention of Mircea Popescu
jurov: they cite your article "The Reason Why Bitcoin Securities Can't be regulated by the SEC"
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 18.30000, Best ask: 18.42591, Bid-ask spread: 0.12591, Last trade: 18.30000, 24 hour volume: 39943.63867461, 24 hour low: 17.61001, 24 hour high: 18.45000, 24 hour vwap: 18.09211
mircea_popescu: <awkorama> some exchange, where I can trade credit derivatives << explain.
mircea_popescu: jurov srsly ?! which one ?
awkorama: mircea_popescu: I already kind of did, is there anything that you don't understand from the conversation that followed my initial question ?
mircea_popescu: i don't see that any of that pertains to credit derivatives tho.
assbot: [MPEX] [S.MPOE] 17300 @ 0.00065149 = 11.2708 BTC [-]
jurov: it's in Bitcoin and the Law article, btcmag #6, not signed
mircea_popescu: o, on paper ?
jurov: yea
mircea_popescu: make me a pic would you ? can you even ?
awkorama: by credit derivatives I mainly meant various CDS contracts, I am not really interested in CDO's or CDO^2's
jurov: yes, mmnt
mircea_popescu: awkorama cds on what, specificqally ?
mircea_popescu: there's mpoe bonds in btc and that's about it.
awkorama: well you can have CDS on equity as well
awkorama: and also on general loans
assbot: [MPEX] [S.MPOE] 11068 @ 0.00066499 = 7.3601 BTC [+]
assbot: [MPEX] [S.MPOE] 14192 @ 0.000665 = 9.4377 BTC [+]
assbot: [MPEX] [S.MPOE] 2250 @ 0.00066582 = 1.4981 BTC [+]
assbot: [MPEX] [S.MPOE] 9683 @ 0.00066591 = 6.448 BTC [+]
mircea_popescu: i guess you could...
mircea_popescu: there was an attempt, the mpcd series
mircea_popescu: it failed miserably.
awkorama: because what I feel strongly in the bitcoin world is that it is hard to trust anyone, so spreading the risk is the next logical step
mircea_popescu: do you want to read the mpcd history ?
Ukto: hmm, can someone explain this to me.. 29k share sissued.. yet tyere are over 29k shares on the ask list... https://btct.co/security/BTC-BOND
Bugpowder_: I enjoyed the mpcd experience
Ukto: er 29k outstanding
mircea_popescu: Ukto they allow naked shorts ?
Ukto: dont think so
Bugpowder_: it was fun exiting each tranche before it exploded
mircea_popescu: heh.
Ukto: i cant post asks for more shares than I have
mircea_popescu: 0.0
Ukto: hence my "wtf"
Bugpowder_: So I am curious. What is the rationale for having the collateral requirements so high for split orders. Since one side is a zero if the other side goes up, shouldn't a reasonable deposit for 50 calls and ~50 puts be 50BTC instead of 100BTC?
mircea_popescu: Ukto that sounds like the very definition of "they allow naked shorting"
mircea_popescu: Bugpowder_ sort of a dampening factor.
Bugpowder_: its an exercise issue?
Ukto: oh yes
Ukto: i ment to say yes earlier
Ukto: not dont think so
Ukto: not sure wtf i was typing
Bugpowder_: to prevent catastropic loss from a spike than crash?
Bugpowder_: ala august?
mircea_popescu: Bugpowder_ something like that. you're thinking "momentarily one is zero" this is true, but whiplash could make someone lose on both ends
jurov: mircea_popescu, http://live.coinbr.com/images/bitcoin_law.pdf , page 3
mircea_popescu: Bugpowder_ https://bitcointalk.org/index.php?topic=139529.msg1485624#msg1485624 i take it you're buying ? :p
mircea_popescu: jurov danke
Bugpowder_: I guess I just wish it wouldn't charge me for the deposit until the created contracts sold.
jurov: not exactly nice to read, they seem to used anti-OCR background :P
mircea_popescu: jurov i was gonna say WHAT THE FUCK ios that
Bugpowder_: well I tried to withdraw 100BTC from MPEX on Saturday to buy the gem, but never got my withdrawl
Bugpowder_: <cough>
mircea_popescu: is thsi thing printed on cheap cloth
mircea_popescu: Bugpowder_ you sure you actually had the cash ?
Bugpowder_: maybe I placed some buy orders after that
Bugpowder_: and that blocked it
jurov: it looks much better... but the halftoning clashes with my scanner
mircea_popescu: a a
mircea_popescu: so basically... you're pirateing here
jurov: Reproduction without writtenm permission is strictly prohibited.
mircea_popescu: you dun goofed
Bugpowder_: seriously, what did the website owner THINK was gonna happen with the gem
mircea_popescu: Bugpowder_ its one of two things : either a scam to sell a worthless site to some dumbass "investor" (which is what i suspect, he;'s been buying his own gem)
Bugpowder: everything about the bitcoin world suggests that the price would rapidly go to 1000BTC+
mircea_popescu: or else what the forum says, ie, he's passing the buck and then new owner dissapears, a la tom's azns
mircea_popescu: nah.
Bugpowder: Starting to look a lot like last thursday
assbot: [BTCTC] [BASIC-MINING] 15 @ 0.3351 = 5.0265 BTC [-]
assbot: [BTCTC] [BASIC-MINING] 10 @ 0.333 = 3.33 BTC [-]
Bugpowder: bidwall flashing at 18.20
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 18.32401, Best ask: 18.39988, Bid-ask spread: 0.07587, Last trade: 18.32401, 24 hour volume: 40611.11390206, 24 hour low: 17.67720, 24 hour high: 18.45000, 24 hour vwap: 18.10523
mircea_popescu: cool.
thestringpuller: 17 looks like real price...
Bugpowder: I dunno dude
Bugpowder: 17 looks like a technical floor
assbot: [MPEX] [S.MPOE] 20500 @ 0.00065149 = 13.3555 BTC [-]
mircea_popescu: i dun imagine it does under 18 myself
JWU_42: <+amphipod> Jan28 19:17:19 mtgox x194 4,003.9372 @ 18.49732098 USD
JWU_42: beefy
mircea_popescu: JWU_42 i dunno how to read that, is it 4k btc in 194 diff orders ?
Bugpowder_: we just poked thru the 18.50 wall?
Bugpowder_: nice
JWU_42: yep
JWU_42: well - 194 different asks IIRC
mircea_popescu: i remember the days buying 4k btc didn't run you 10k
Bugpowder_: ;;ask 20
gribble: Error: "ask" is not a valid command.
Bugpowder_: ;;asks 20
gribble: There are currently 28609.726 bitcoins offered at or under 20.0 USD, worth 551692.514158 USD in total.
Bugpowder_: that is down from over 40,000 a few hours ago
JWU_42: hmm
JWU_42: ;;asks 19
Bugpowder_: mtgox weekend delay coming thru
gribble: There are currently 11455.979 bitcoins offered at or under 19.0 USD, worth 215539.007546 USD in total.
mircea_popescu: jurov i wonder if i get a complimentary mag since i'm being quited in it :D
Bugpowder_: see the drop on thurs
Bugpowder_: wire money
Bugpowder_: buy coins on monday
mircea_popescu: Bugpowder_ ya sounds likely.
Bugpowder_: this is why I bot calls on Saturday
Bugpowder_: That, and this http://beeradvocate.com/beer/profile/4/16909
mircea_popescu: “I think the ECB obviously is concerned, and it’s not reputational,” said Steve Hanke, a professor at Johns Hopkins University in Baltimore
mircea_popescu: dude seriously ?!
mircea_popescu: what the fuck does that mean and when did they start doing the whole university thing in baltimore.
Bugpowder_: johns hopkins?
Bugpowder_: 1876
mircea_popescu: Bugpowder_ im just hatin'
mircea_popescu: the curse of bitcoin : it can't get any coverage unless it's either a) completely clueless or else b) incredibly fanboish
mircea_popescu: it seems there can't be someone who gets it and doesn't care.
mircea_popescu: also matonis fucked up his link to the moldbug guy
assbot: [MPEX] [S.MPOE] 11600 @ 0.00065424 = 7.5892 BTC [+]
Bowjob: Whoa. 3 new dice winners
mircea_popescu: big ?
Bowjob: I mean on the leaderboards
assbot: [BTCTC] [GSDPT] 1500 @ 0.0074 = 11.1 BTC [-]
jurov: would the SPLIT on O.BTCUSD.P160T for 2BTC make 1 put option or none?
mircea_popescu: prolly none
mircea_popescu: um
mircea_popescu: actually prolly 1
jurov: what's the formula?
jurov: bugpowder has just complained bout it, too
jurov: strike/current would be 16/18 , that means collateral below 1BTC?
mircea_popescu: it takes a leetal more. not very much
Bugpowder_: enough to push S.DICE thru 0.0075?
Bugpowder_: https://bitcointalk.org/index.php?topic=80312.msg1485906#msg1485906
Bugpowder_: ;;ticker
gribble: BTCUSD ticker | Best bid: 18.50501, Best ask: 18.60708, Bid-ask spread: 0.10207, Last trade: 18.50501, 24 hour volume: 47219.24403078, 24 hour low: 17.67720, 24 hour high: 18.63895, 24 hour vwap: 18.16932
mircea_popescu: SD Profit after fees: 51037.02759636 BTC (1.939%)
mircea_popescu: whoa ?
Bugpowder_: yah
Bugpowder_: over 100k bet in the last 24.
Bugpowder_: 840,000 BTC bet this month
cheebydi: wait. what?!
mircea_popescu: huge.
Bugpowder_: yup
Ukto: its been over a decade since i dod stock market stuffs.. if i have $10k in an eTrade account or w/e, and and put up a bid for a total of $10k on something that sits on the books, I can't just place another bid p to $10k for another asset, right?
pigeons: right
pigeons: they copied the way bitfunder does it
Ukto: LOL
Ukto: you mean, Bitfunder does it the "normal" way
mircea_popescu: Ukto it's been debated in the forum numerous times. people who know better figure "it helps liquidity"
Ukto: but its a lie.
mircea_popescu: if you want i can have the girl dig up the old posts.
dub: dun worri, glbse 3 will have it
Ukto: on btct, I can fill my account with 100btc, put up to 100btc orders on each asset, and withdraw the 100btc
Ukto: and then its a complete, lie
mircea_popescu: dub speaking of which, what's happening to nefario's comeback thing ?
mircea_popescu: did he get the financing eventually ?
dub: not heard anything about it
Ukto: Regardless of 'pumping the numbers', i think traders have a right to knwo that a bid is actually backed, and not just a fake number on the books.
mircea_popescu: traders are free to figure it out neh ?
Ukto: I just cant bring myself to knowingly allow lies and inaccuracy on my system.
Ukto: I will be letting Deprived know that it just wont be happening.
mircea_popescu: so then don't.
Ukto: ;;tslb
gribble: Time since last block: 33 minutes and 12 seconds
mircea_popescu: on btct, I can fill my account with 100btc, put up to 100btc orders on each asset, and withdraw the 100btc << this is pretty rich tho
assbot: [MPEX] [S.MPOE] 1600 @ 0.00065424 = 1.0468 BTC [+]
dub: thats awesome
mircea_popescu: it's like...
mircea_popescu: i wonder what bernanke's waiting for
mircea_popescu: should be in the fucking exchange rules for usd.
dub: someone should rinse/repeat that and make a trillion btc wall
mircea_popescu: just for the lulz
mircea_popescu: ?
dub: also for win
mircea_popescu: someone should make the whole thing
mircea_popescu: 1. fake asset
mircea_popescu: 2. fake bid and ask walls
mircea_popescu: 3. ???
mircea_popescu: 4. !!!
mircea_popescu: 5. etc
dub: 99. profit
mircea_popescu: 34. pr0n first
Ukto: dub: you coudl do it with muliple accounts
Ukto: tho that would be obvious and burnside would prolly ban you for it. at least.. those accounts
Ukto: lol
jurov: or just match orders on one popular asset and closely watch the orderbook of others
mircea_popescu: https://bitcointalk.org/index.php?topic=135491.msg1485958#msg1485958 lol @daniel having a shitfit
Ukto: LOL
dub: that dude is retarded
DeadWeasel: gettin high on his own supply
mircea_popescu: he has a point, we really ought to discourage that sort of shit
mircea_popescu: the guy clearly is professionally breaking the law.
mircea_popescu: not in a good way either.
assbot: [MPEX] [S.MPOE] 18880 @ 0.00065424 = 12.3521 BTC [+]
DeadWeasel: If you had gold, what would you do with it?
mircea_popescu: sell it.
dub: make a golden fist
mircea_popescu: and buy bitcoinz.
assbot: [MPEX] [S.MPOE] 770 @ 0.00065424 = 0.5038 BTC [+]
assbot: [MPEX] [S.MPOE] 9351 @ 0.00065534 = 6.1281 BTC [+]
assbot: [MPEX] [S.MPOE] 2779 @ 0.00066591 = 1.8506 BTC [+]
assbot: [MPEX] [O.BTCUSD.C180T] 5 @ 0.22362465 = 1.1181 BTC [+]
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 18.70001, Best ask: 18.74988, Bid-ask spread: 0.04987, Last trade: 18.70001, 24 hour volume: 51140.36456515, 24 hour low: 17.67720, 24 hour high: 18.75000, 24 hour vwap: 18.22004
assbot: [MPEX] [O.BTCUSD.C190T] 10 @ 0.19810428 = 1.981 BTC [+]
DeadWeasel: that's the plan
DeadWeasel: wish I'd done it at 1900
DeadWeasel: but it's in another state in a deposit box dammit
mircea_popescu: yah well.
mircea_popescu: exactly why i'd sell it lol. problem typified
mircea_popescu: "Chart Of The Day: Is The ECB Responsible For The Second Coming Of BitCoin? | Zero Hedge:
DeadWeasel: good point
mircea_popescu: bah, can they get sillier ?
Korbman: Anybody find it odd that Avalon has sort of..disappeared? Website and all..
Diablo-D3: they ran aground, basically
mircea_popescu: here's bitcoin. let us try and pin some irrelevant fiat idiocy to it because it's not possible for fiat to be irrelevant
mircea_popescu: Korbman nope.
Korbman: mircea_popescu: haha yeah, I figured as much
dub: inb4 chinese new year relic collector
mircea_popescu: http://bitbet.us/bet/34/an-asic-unit-from-either-bfl-avalon-or/
Diablo-D3: heh
mircea_popescu: this bet. still not resolved. specifically for that reason.
Diablo-D3: well hows this
Diablo-D3: when I get the board
Diablo-D3: Ill take photos of it
mircea_popescu: sure.
Diablo-D3: and then I wont share the photos because Ill be too busy being rich
dub: take pic in front of your DC with windmills in the background
Diablo-D3: dub: I plan on doing that anyhow
mircea_popescu: http://buttcoin.org/bitcoin-community-spotlight-johnniewalker
mircea_popescu: hey, this is back from the dead
mircea_popescu: also http://buttcoin.org/the-buttgem
iz: heheh
smickles: < Bugpowder> I always get less puts then I think I'm gonna get< that's b/c there is a volatility secret sauce in the calc
Korbman: haha
mircea_popescu: !ticker m s.dice
assbot: [MPEX:S.DICE] 1D: 0.00722786 / 0.0074427 / 0.00749999 (125491 shares, 933.99 BTC), 7D: 0.00085848 / 0.0052797 / 0.0075 (1193791 shares, 6,302.87 BTC), 30D: 0.00085848 / 0.00428374 / 0.0075 (10584536 shares, 45,341.47 BTC)
mircea_popescu: ;;calc 0.0074427/0.0042837
gribble: 1.7374465999
mircea_popescu: ;;calc (0.0074427*18.75)/(0.0042837*13.75)
gribble: 2.3692453635
mircea_popescu: 150% monthly gains. this is the stuff legends are made out of.
mircea_popescu: the 10k btc pizza and the 150% a month s.dice investment.
smickles: if it was on large volume, it'd sound like the beginning of the rothschilds
mircea_popescu: it IS on large volume tho.
mircea_popescu: ;;calc 45341.47 * 15
gribble: 680122.05
mircea_popescu: well, for some values of "large"
smickles: really? something like 400 million dollars?
smickles: if i recally the story of nathan r. correctly
mircea_popescu: large as in "large number of blowjobs" not as in "large number of private jets"
smickles: I do prefer to think in terms of % anyway
mircea_popescu: ;;calc 1.07**4.5
gribble: 1.35589793584
mircea_popescu: pirate was a pittance by comparison.
smickles: heh, i'm up 2500% since june 2011
smickles: or thereabouts
DeadWeasel: x25 nice
pizzaman1337: crazy
smickles: what's crazy is mpex
mircea_popescu: http://www.youtube.com/watch?v=NMNgbISmF4I
DeadWeasel: ;;asks 20
gribble: There are currently 25617.646 bitcoins offered at or under 20.0 USD, worth 496507.979567 USD in total.
smickles: ;;asks 22
gribble: There are currently 32872.269 bitcoins offered at or under 22.0 USD, worth 648012.998936 USD in total.
mircea_popescu: !ticker h sdice
assbot: [HAVELOCK:SDICE] 1D: 0.80000000 / 0.80016949 / 0.81000000 (59 shares, 47.21000000 BTC), 7D: 0.44000000 / 0.61008278 / 0.81000000 (1329 shares, 810.80001806 BTC), 30D: 0.37000000 / 0.49998681 / 0.81000000 (5268 shares, 2633.93051794 BTC)
mircea_popescu: !ticker btctc sdice
assbot: Hell, ain't we about more fucked than a whore at closin' time, huh?
mircea_popescu: !ticker btctc s.dice
assbot: You had the last Philistine. This one's mine.
mircea_popescu: wtf is it called
mircea_popescu: omg why people can't keep to standards
smickles: btct.co?
dub: that johnniewalker video is wtf
mircea_popescu: !ticker btctc gsdpt
assbot: [BTCT:GSDPT] 1D: 0.0072 / 0.0074 / 0.0075 (2385 shares, 17.6 BTC), 7D: 0.0046 / 0.01 / 0.0075 (16823 shares, 106.4 BTC), 30D: 0.0042 / 0.01 / 0.0075 (27927 shares, 159.5 BTC)
assbot: [MPEX] [S.MPOE] 2850 @ 0.00065149 = 1.8567 BTC [-]
mircea_popescu: !ticker hf sdice
assbot: Have you got any tobacco?
mircea_popescu: !ticker bf sdice
assbot: Aren't those tins of tobacco right there behind you?
mircea_popescu: Ukto what;'s it called on yoru thing ?
smickles: !help my ass
assbot: List of commands:
assbot: !ticker <exchange> <ticker> (desc: returns current ticker values, supported: MPEX, HAVELOCK, BTCTCO)
mircea_popescu: o, stuill no bitfunder ?
jurov: sry, Ukto had to code MPBPT stuff like deissuing shares/freezing assets
jurov: when he finishes "nuke the asset" button i'll release him
mircea_popescu: whats mpbpt
jurov: https://bitfunder.com/asset/CoinBr.MPBPT-E
jurov: i suspect i'm quite a headache for him with that monthly revolving
mircea_popescu: o o
assbot: [BTCTC] [B.YABMC] 2 @ 0.0261 = 0.0522 BTC [+]
smickles: ;;asks 19
gribble: There are currently 7831.5312 bitcoins offered at or under 19.0 USD, worth 148281.124239 USD in total.
smickles: ;;calc -19/(.198-1)
gribble: 23.6907730673
smickles: ;;calc -18/(.31-1)
gribble: 26.0869565217
assbot: [BTCTC] [BTC-BOND] 8 @ 0.0099 = 0.0792 BTC [+]
smickles: ;;calc -19/(.17-1)
gribble: 22.8915662651
assbot: [MPEX] [S.DICE] 1249 @ 0.007395 = 9.2364 BTC [-]
mircea_popescu: ;;ticker
gribble: BTCUSD ticker | Best bid: 18.75212, Best ask: 18.79998, Bid-ask spread: 0.04786, Last trade: 18.75215, 24 hour volume: 52294.18354101, 24 hour low: 17.75000, 24 hour high: 18.80000, 24 hour vwap: 18.25176
mircea_popescu: we're breaking 19 aren't we.
mod6: :D
assbot: [MPEX] [S.MPOE] 20039 @ 0.00066591 = 13.3442 BTC [+]
jurov: Diablo-D3 since you're getting teh asic, care to buy some X.IDIFF.MAR ?
Diablo-D3: nope.
jurov: why?
Diablo-D3: I dont play those games
Bugpowder_: ;;asks 18
gribble: There are currently 0 bitcoins offered at or under 18.0 USD, worth 0.0 USD in total.
Bugpowder_: ;;bids 18
gribble: There are currently 11782.413 bitcoins demanded at or over 18.0 USD, worth 214619.864681 USD in total.
assbot: [MPEX] [S.DICE] 642 @ 0.007395 = 4.7476 BTC [-]
assbot: [BTCTC] [GSDPT] 40 @ 0.0074 = 0.296 BTC [-]
DeadWease: ;;asks 19.2
gribble: There are currently 11396.816 bitcoins offered at or under 19.2 USD, worth 216605.517169 USD in total.
assbot: [MPEX] [S.MPOE] 1000 @ 0.0006537 = 0.6537 BTC [-]
assbot: [MPEX] [S.MPOE] 11550 @ 0.00065369 = 7.5501 BTC [-]