log☇︎
⏐︎ 4721
assbot: [HAVELOCK] [B] [XBOND] 102 @ 0.0011712 = 0.1195 BTC [-]
BingoBoingo: Duffer1: I imagine there have been few more appropriate names in bitcoindom aside from maybe rapeghost, but even then...
benkay: dear mircea can you please give me a bit of background on what you mean by future automatic lifting of the US debt ceiling?
BingoBoingo: benkay: I think he probably means automatic in that Obummer has broken the spirit and power of the Congress, but it would probably be better to hear from his mouth.
BingoBoingo: I personally feel the US is simply a failed state. America is basically Somalia only there is but one armed gang running the show at the moment.
benkay: killer feels bro
BingoBoingo: I await the emperor's abandonment of black suits for some Kenneth Cole swag dyed in tyrian purple.
assbot: [MPEX] [S.MPOE] 3148 @ 0.00081559 = 2.5675 BTC [-] {3}
mike_c: somalia gdp: $6 billion US gdp: $16,000 billion
mike_c: "basically" the same
dub: somalia military spend : $0 US: $16,000
mike_c: hehe
dub: b
mike_c: no, $8b on military, $8b on debt service
mike_c: er, 8,000. whatever.
mike_c: horse is DEAD.
dub: liked one Completly Believable Infographic I saw about the shutdown
dub: somethign like cost of shutdown $24b, cost of free tertiary education $12b
dub: of course, like doctering amercians would probably rather die than be educated for free
mike_c: ? we are educated for free.
assbot: [HAVELOCK] [AM1] 3 @ 0.62799999 = 1.884 BTC [+]
mike_c: except college. which costs everything you have plus 10.
dub: tertiary means college
mike_c: oh
BingoBoingo: Well, to be fair I seem to have received what seems a novel variant on the classic Nigerian Price scam. We'll see if they respond with photos: http://bitbin.it/fLFxpTl6
assbot: [HAVELOCK] [HIM] 14 @ 0.06245 = 0.8743 BTC [-]
dub: http://dish.andrewsullivan.com/2013/10/16/the-tea-party-as-a-religion/
ozbot: The Tea Party As A Religion « The Dish
dub: good read
dub: helps us non'merifags undertand teh insanity
assbot: [HAVELOCK] [HIM] 14 @ 0.0625 = 0.875 BTC [+]
dub: tl;dr political conservatism is a religion and like all religions, only stupid people subscribe to it
dub: GOP and the muslim brotherhood are exactly the same thing
assbot: [HAVELOCK] [HIM] 10 @ 0.06499999 = 0.65 BTC [+] {2}
dub: I may have the chicken before the egg there
dub: like all religions, it only survives because there are so many stupid people
BingoBoingo: dub: Problem is it is a specific denomination. Like Lutherans, versus Methodists, versus Catholics. None of these groups care about broad goals. They just want their team to win.
dub: http://yro.slashdot.org/story/13/10/17/2310210/why-bitcoin-boomed-during-the-government-shutdown?utm_source=slashdot&utm_medium=twitter
ozbot: Why Bitcoin Boomed During the Government Shutdown - Slashdot
KRS1: http://m.v3.co.uk/v3-uk/opinion/2298633/why-bitcoins-are-the-new-black-in-cybercrime?goback=%2Egde_1707547_member_5796257714824822785#%21
assbot: 123!
ozbot: Why Bitcoins are the new black in cybercrime - V3 mobile
BingoBoingo: Bitcoin seems to have really butthurt so called "momentum traders" who tried to short it after the end of the shutdown.
assbot: [MPEX] [S.MPOE] 2943 @ 0.00081521 = 2.3992 BTC [-]
assbot: [HAVELOCK] [AM100] 115 @ 0.00529999 = 0.6095 BTC [-] {2}
nubbins`: what a night. tenants called to say water was leaking through the downstairs ceiling. $600 and about 300 gallons of water later….
assbot: [MPEX] [S.MPOE] 4650 @ 0.00081381 = 3.7842 BTC [-]
assbot: [MPEX] [S.MPOE] 950 @ 0.00081381 = 0.7731 BTC [-]
altoz: ;; help
gribble: The bot responds when you start a line with the ! character. A good starting point for exploring the bot is the !facts command. You can also visit the bot's website for a list of help topics and documentation: http://gribble.sourceforge.net/
altoz: !facts
BingoBoingo: nubbins`: Sounds like a pain.
nubbins`: water shutoff valve was fucked so we called some city workers out to shut off the water from the street
nubbins`: after about an hour they concluded that the city's shutoff was buried in concrete when an addition was put on the house some years ago
altoz: ;;bids 0
gribble: There are currently 22242162 bitcoins demanded at or over 0.0 USD, worth 13669553.4891 USD in total. | Data vintage: 0.0105 seconds
altoz: ;;asks 999999
gribble: There are currently 34086.436 bitcoins offered at or under 999999.0 USD, worth 32694755.1994 USD in total. | Data vintage: 18.4495 seconds
nubbins`: first plumber on-call couldn't be bothered to stop watching the hockey game, i guess, because he suggested "just tell the tenants to wait until tomorrow"
nubbins`: anyway, 5.5 hours later, all that's left is to patch up some drywall tomorrow
nubbins`: exhausting evening tho
assbot: [HAVELOCK] [DEALCO] 50 @ 0.0069999 = 0.35 BTC [+]
BingoBoingo: nubbins`: Sounds like it. Then again depending on where you are hockey might matter more than the constant heartbreak it is here.
BingoBoingo: TheSeven: How goes the LabCoin move to CryptoStocks or have you bailed too?
nubbins`: ehh, we have an AHL team but i can't be bothered for the most part
assbot: [HAVELOCK] [DEALCO] 50 @ 0.0069999 = 0.35 BTC [+] {2}
BingoBoingo: nubbins`: Honestly I'd rather the local NHL team move to the KHL. More interesting gameplay there.
assbot: [HAVELOCK] [AM100] 29 @ 0.00563499 = 0.1634 BTC [+]
assbot: [HAVELOCK] [HIM] 2 @ 0.069 = 0.138 BTC [+]
assbot: [MPEX] [S.MPOE] 6350 @ 0.00081304 = 5.1628 BTC [-] {2}
assbot: [HAVELOCK] [B] [XBOND] 99 @ 0.001217 = 0.1205 BTC [+]
assbot: [HAVELOCK] [AM100] 20 @ 0.00563498 = 0.1127 BTC [-]
assbot: [HAVELOCK] [NEOBEE] 4270 @ 0.00257578 = 10.9986 BTC [-] {8}
assbot: [MPEX] [S.MPOE] 2500 @ 0.00081265 = 2.0316 BTC [-]
assbot: [MPEX] [S.MPOE] 10700 @ 0.00081389 = 8.7086 BTC [+] {2}
benkay: daww BingoBoingo
benkay: that's a pretty weak counter troll
benkay: straight for the pooper? what is this, amateur hour?
BingoBoingo: benkay: Maybe. I've been working actual troll pretty hard other venues. I've collected quite a few Buttcoins of my own though.
BingoBoingo: Here's two: a halfsie http://i.imgur.com/yQ52mP7.jpg and a full one http://i.imgur.com/o08heoV.jpg
benkay: a trapman i see
benkay: meh
benkay: not a terrifically interesting deployment of capital
BingoBoingo: benkay: Well, two different people. How was I to know the second was a trap though?
benkay: how can one know anything on the internet these days
benkay: once upon a time there were channels
benkay: nowadays every channel is stuffed with shills
benkay: it's far cheaper to promulgate uncertainty and craziness than specific angles
benkay: with the end result of impenetrable chaos noise on all lines
BingoBoingo: benkay: The solution is to create more noise.
benkay: nonsense
benkay: there's only marginal profit to be made in just increasing entropy
BingoBoingo: benkay: There could also be increased security though.
benkay: "could"
benkay: it could also be possible to emulate quantum circuits on VN architecture chips
benkay: also
benkay: "security"
BingoBoingo: benkay: Maybe? Nature generally seems to push for increases in entropy though. The poor get poorer somehow. With enough buttcoins eventually you get enough asses that they can't all be traps.
assbot: [HAVELOCK] [AM1] 1 @ 0.605 BTC [-]
benkay: well, yes, Nature does certainly prefer some arrangements to others. those highly ordered arrangements are very useful to people, though.
BingoBoingo: benkay: In a lot of ways though people and nature are adversaries.
benkay: and while one can extract a certain amount of value from turning a pile of well-ordered things into a pile of less-well ordered things, the art of business construction is largely that of building machines that work against the entropic gradient.
benkay: i am not making this point clearly at all
benkay: more chardonnay is called for
assbot: [HAVELOCK] [AM1] 2 @ 0.595 = 1.19 BTC [-] {2}
benkay: i think that what i'm trying to say is that i enjoy and profit from building machines that take in energy and do work upon the environment, disadvantaging some market players and advantaging others.
benkay: and just computing hashes strikes me as a poor use of natural gas
assbot: [MPEX] [S.MPOE] 2300 @ 0.00081414 = 1.8725 BTC [+]
assbot: [HAVELOCK] [AM1] 1 @ 0.5763 BTC [-]
assbot: [HAVELOCK] [AM1] 12 @ 0.57566666 = 6.908 BTC [-] {4}
benkay: this comes back to leverage
benkay: you can never get more energy out of oil than is in there to begin with
benkay: but carefuly rearrangement of atoms can lead to some pretty spectacular machines
benkay: with enough practice and demonstrated competence in rearranging, one doesn't even need to gamble on whether a given whore is a trap or not.
benkay: if in desire of traps, acquire and enjoy.
benkay: if not, don't.
assbot: [HAVELOCK] [AM1] 20 @ 0.57000499 = 11.4001 BTC [-] {14}
assbot: [MPEX] [S.MPOE] 2200 @ 0.00081414 = 1.7911 BTC [+]
benkay: wow and also
benkay: " A good chunk of the recent hashpower is split roughly evenly between the Chinese and the US "
benkay: at this point i'm inclined to take it on faith but otoh what's the basis?
BingoBoingo: benkay: Some times a troll is just a troll. Sometimes it is planned. Other times it is serendipitous. Being a 'Murican whose education lacked training in taste, balls in unexpected contexts give me a chuckle...
assbot: [MPEX] [S.MPOE] 4924 @ 0.00081416 = 4.0089 BTC [+] {2}
pankkake: not even mentionning Europe
assbot: [MPEX] [S.MPOE] 9129 @ 0.00081435 = 7.4342 BTC [+] {2}
BingoBoingo: pankkake: I figure Europe has had this long figured out. Like the Spartans did with the Sodomy until you are 30 business.
pankkake: it was about "split roughly evenly between the Chinese and the US" ;)
BingoBoingo: pankkake: Oh. I just figured Europe was too busy not being shut down to get ASICs.
pankkake: lol
BingoBoingo: And China doesn't have much of a barrier to get into mining, because they have plenty of companies producing ASICs to seize.
benkay: not to mention the power to burn behind fpgas
assbot: [HAVELOCK] [AM100] 93 @ 0.00561961 = 0.5226 BTC [+] {4}
pankkake: oh that was mentionning governments?
pankkake: well… lel
assbot: [HAVELOCK] [VTX] 5 @ 0.3611014 = 1.8055 BTC [+]
assbot: [HAVELOCK] [VTX] 11 @ 0.367 = 4.037 BTC [+]
assbot: [HAVELOCK] [HIM] 2 @ 0.06899999 = 0.138 BTC [-] {2}
assbot: [HAVELOCK] [AM100] 34 @ 0.0052 = 0.1768 BTC [-]
assbot: [HAVELOCK] [AM100] 84 @ 0.005101 = 0.4285 BTC [-]
pankkake: http://www.dailydot.com/crime/black-market-reloaded-shut-down-backopy-silk-road/
ozbot: The Daily Dot - Deep Web's biggest illegal gun market shuts down
assbot: [MPEX] [S.MPOE] 3305 @ 0.0008136 = 2.6889 BTC [-]
assbot: [MPEX] [S.MPOE] 6450 @ 0.00081694 = 5.2693 BTC [+] {2}
mircea_popescu: dub oh gtfo. "sanity is a religion" bs, basically the internet has devolved to a sort of cracked-clone
mircea_popescu: "i'm an underpaid 'creative' with no ideas required to churn out oodles of 'work', here's my recipe : take random things to make random claims about. can be used to create an infinity of articles that are mildly entertaining for the midly stupid relatively illiterate net dorks."
mircea_popescu: ;;later tell bingoboingo lmao @ your art collection.
gribble: The operation succeeded.
mircea_popescu: ;;later tell benkay computing hashes is a much better "use" of natural gas than mouthbreathers are a "use" of oxygen. luckily nature is more akin a whore than a bar of soap : it doesn't wear out.
gribble: The operation succeeded.
mircea_popescu: pankkake yurpean govts have better shit to do than keep up with technology.
assbot: [HAVELOCK] [NEOBEE] 119 @ 0.00249999 = 0.2975 BTC [-]
assbot: [HAVELOCK] [NEOBEE] 201 @ 0.00249999 = 0.5025 BTC [-] {2}
gecko_x2: http://www.theregister.co.uk/2013/10/17/bitcoin_exchange_ddos_flood/
assbot: [HAVELOCK] [NEOBEE] 126 @ 0.00249999 = 0.315 BTC [-]
assbot: [HAVELOCK] [NEOBEE] 120 @ 0.0025 = 0.3 BTC [+]
mircea_popescu: lol @all teh crapola dns masquerading firms trying to sell their product.
mircea_popescu: if incapsula/cloudflare/etc were any good mpex'd use them.
gecko_x2: http://www.forbes.com/sites/kashmirhill/2013/10/17/does-this-17-million-bitcoin-wallet-belong-to-alleged-silk-road-mastermind-ross-ulbricht/
ozbot: Does This $17 Million Bitcoin Wallet Belong To Alleged Silk Road Creator Ross Ulbricht? - Forbes
assbot: [MPEX] [S.MPOE] 9640 @ 0.0008136 = 7.8431 BTC [-]
assbot: [MPEX] [S.MPOE] 6353 @ 0.00081932 = 5.2051 BTC [+] {2}
mircea_popescu: dub here, because i like you so : http://trilema.com/2013/the-disadvantage-of-teaching-people-the-alphabet-and-nothing-more-is-that-you-have-to-somehow-put-up-with-a-bunch-of-retards-that-can-now-express-themselves-in-writing/
assbot: [HAVELOCK] [B] [XBOND] 95 @ 0.00119 = 0.1131 BTC [-]
dub: http://www.youtube.com/watch?v=5Krz-dyD-UQ
mircea_popescu: lol
ThickAsThieves: http://letstalkbitcoin.com/the-regulation-of-bitcoin/#.UmEMifmsigI
ozbot: The Regulation of Bitcoin | Lets Talk Bitcoin
ThickAsThieves: by Amir Taaki
ThickAsThieves: “Respect for authority figures is a sign of maturity.”
ThickAsThieves: “Men with good jobs dress smart and respectably.”
ThickAsThieves: “Work hard for a good job and a good life. Retire young.”
ThickAsThieves: “Don’t talk to strangers.”
ThickAsThieves: “Life is about money. Money makes the world go round.”
ThickAsThieves: I was told all of these sentences in my life. That learning to accept authority is an inevitable part of growing up. That my character is defined by how I look, not how I act. That my single purpose is to be a work-slave. To avoid interaction with random unknowns outside my circle. And that responsibility starts and stops with myself.
ThickAsThieves: All of them are bad values.
mircea_popescu: yeah uh totally i mean like bad and hang on
mircea_popescu: i got a call.
assbot: [MPEX] [S.MG] 2666 @ 0.00018 = 0.4799 BTC [-]
assbot: [MPEX] [S.MPOE] 3935 @ 0.00081764 = 3.2174 BTC [-]
assbot: [MPEX] [S.MPOE] 2749 @ 0.00081473 = 2.2397 BTC [-] {2}
assbot: [HAVELOCK] [NEOBEE] 400 @ 0.0025 = 1 BTC [+]
assbot: [MPEX] [S.MG] 20000 @ 0.000165 = 3.3 BTC [-]
assbot: [HAVELOCK] [SMG] 10000 @ 0.00015094 = 1.5094 BTC [-] {5}
assbot: [MPEX] [S.MPOE] 1250 @ 0.00081353 = 1.0169 BTC [-]
assbot: [HAVELOCK] [AM100] 30 @ 0.00515 = 0.1545 BTC [-] {2}
pankkake: it would be cool to have by-address stats on bitbet, for example to be able to see how much was won compared to how much was wagered
assbot: [MPEX] [S.MPOE] 3397 @ 0.00081472 = 2.7676 BTC [+] {2}
assbot: [HAVELOCK] [NEOBEE] 101 @ 0.0025 = 0.2525 BTC [+]
assbot: [HAVELOCK] [XBOND] [PAID] 0.69348300 BTC to 1`386`966 shares, 50 satoshi per share
assbot: [MPEX] [S.MPOE] 6200 @ 0.00082025 = 5.0856 BTC [+]
assbot: [HAVELOCK] [DEALCO] 100 @ 0.0069999 = 0.7 BTC [+]
skinnkavaj: pankkake
skinnkavaj: about 766.com exchange
skinnkavaj: What is the price to own 1% of the exchange? I am too hungover to calculate myself.
skinnkavaj: If the price for the whole exchange is 500-2000 BTC I would buy. If higher, too big risk and too easy to fail.
skinnkavaj: Look at Digitalcoins CryptoAve share auction, I bought 1% for 5BTC and the exchange is then valued 500BTC, a much undervalued price.
skinnkavaj: http://www.reddit.com/r/BitcoinStocks/comments/1ooemf/has_anyone_invested_in_796com/
assbot: 123!
b0n1: just-dice.com down?
assbot: [MPEX] [S.MPOE] 4550 @ 0.00082025 = 3.7321 BTC [+]
assbot: [MPEX] [S.MPOE] 1231 @ 0.00081779 = 1.0067 BTC [-]
TomServo: !jd
assbot: Just-Dice stat: 4947 BTC profit, 61.7k BTC invested, 186.74 mio bets, 4.19 mio BTC wagered
assbot: [MPEX] [S.MPOE] 3820 @ 0.00082025 = 3.1334 BTC [+]
assbot: [HAVELOCK] [VTX] 2 @ 0.367 = 0.734 BTC [+]
assbot: [MPEX] [S.MPOE] 972 @ 0.00081779 = 0.7949 BTC [-]
assbot: [MPEX] [S.MPOE] 6328 @ 0.00081404 = 5.1512 BTC [-] {3}
assbot: [MPEX] [S.MPOE] 5950 @ 0.00082025 = 4.8805 BTC [+]
assbot: [HAVELOCK] [HIM] 2 @ 0.069 = 0.138 BTC [+]
assbot: [HAVELOCK] [LABCO] [PAID] 0.04958868 BTC to 40`316 shares, 123 satoshi per share
assbot: [HAVELOCK] [CFIG] 1 @ 0.144 BTC [+]
assbot: [HAVELOCK] [AM100] 49 @ 0.00517 = 0.2533 BTC [-]
assbot: [HAVELOCK] [AM1] 1 @ 0.59 BTC [+]
Bunnyh: https://just-dice.com/roll/184417807 this is an interesting bet on JD
Bunnyh: is that 1% house edge?
assbot: [MPEX] [S.MPOE] 1200 @ 0.00081947 = 0.9834 BTC [-]
KRS-1: wow i'd throw $10K on that too
assbot: [HAVELOCK] [AM100] 48 @ 0.00516509 = 0.2479 BTC [-]
assbot: [HAVELOCK] [AM100] 31 @ 0.00516002 = 0.16 BTC [-]
assbot: [HAVELOCK] [AM1] 2 @ 0.57149 = 1.143 BTC [-] {2}
assbot: [HAVELOCK] [AM100] 20 @ 0.00515375 = 0.1031 BTC [-] {3}
assbot: [HAVELOCK] [NEOBEE] 168 @ 0.0025 = 0.42 BTC [+]
assbot: [MPEX] [S.MPOE] 6800 @ 0.00081824 = 5.564 BTC [-] {2}
benkay: a whole ten shitbucks ;)
assbot: [MPEX] [S.MPOE] 7100 @ 0.00081528 = 5.7885 BTC [-]
mike_c: yeah it's 1%. odds of winning = (1 - .010099). payout is paying as if odds were ( 1 / 1.00010102).
assbot: [HAVELOCK] [B] [XBOND] 100 @ 0.00120001 = 0.12 BTC [-]
mike_c: ;;calc (1 - 0.010099) - ( 1 / 1.00010102)
gribble: -0.00999799020401
mike_c: 1% all day
assbot: [HAVELOCK] [B] [XBOND] 100 @ 0.00120001 = 0.12 BTC [-]
assbot: [HAVELOCK] [B] [XBOND] 1523 @ 0.00118303 = 1.8018 BTC [-] {7}
assbot: [MPEX] [S.MPOE] 3400 @ 0.00081636 = 2.7756 BTC [+]
jurov: ;;bc,conver eur
gribble: Error: "bc,conver" is not a valid command.
jurov: ;;bc,convert eur
gribble: 1 BTC = 163.80100 U.S. dollars = 119.632632 Euros
assbot: [HAVELOCK] [AM100] 75 @ 0.00515 = 0.3863 BTC [-]
assbot: [HAVELOCK] [AM1] 1 @ 0.6195 BTC [+]
assbot: [MPEX] [S.MPOE] 3729 @ 0.00082041 = 3.0593 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 8471 @ 0.00082151 = 6.959 BTC [+] {4}
assbot: [MPEX] [S.MPOE] 4218 @ 0.00082469 = 3.4785 BTC [+]
assbot: [MPEX] [S.MPOE] 582 @ 0.0008249 = 0.4801 BTC [+]
kakobrekla: https://www.schneier.com/blog/archives/2013/10/d-link_router_b.html
ozbot: Schneier on Security: D-Link Router Backdoor
kakobrekla: speaking of contact poison.
pankkake: related: http://esr.ibiblio.org/?p=4441
kakobrekla: nice
pankkake: http://www.codinghorror.com/blog/2013/10/you-dont-need-millions-of-dollars.html
ozbot: Coding Horror: You Don't Need Millions of Dollars
daybyter: but some millions can't hurt anyway...
assbot: [HAVELOCK] [AM100] 372 @ 0.00516509 = 1.9214 BTC [+]
pankkake: actually overfunded projects have a tendency to turn into shit
pankkake: http://www.geekosystem.com/kickstarter-board-game-failure/
assbot: [HAVELOCK] [VTX] 1 @ 0.367 BTC [+]
daybyter: Is there a statistic, how many underfunded projects fail?
pankkake: there are many great movies that were on a very tight budget, or examples of sequels with way bigger budgets that were crap
kakobrekla: but sequels suck irrelevant of budget usually
jurov: well, several years of 80-hours work week *are* worth millions
kakobrekla: depends, sweeping the floor? not rly
jurov: ofc, i'm relating to this:"His devotion to the machine borders on fanatical; he regularly worked 80 hour weeks and he'd take "vacations" where it was just him and a computer alone in a hotel room for a whole week – just for fun, to relax."
assbot: [MPEX] [S.MPOE] 5000 @ 0.00081848 = 4.0924 BTC [-]
ThickAsThieves: hey jurov
ThickAsThieves: pm plz
assbot: [HAVELOCK] [DEALCO] 80 @ 0.00699989 = 0.56 BTC [-] {2}
assbot: [HAVELOCK] [CFIG] 1 @ 0.144 BTC [+]
assbot: [HAVELOCK] [VTX] 1 @ 0.367 BTC [+]
assbot: [HAVELOCK] [CFIG] 1 @ 0.144 BTC [+]
assbot: [HAVELOCK] [LABCO] 170 @ 0.0006 = 0.102 BTC [-]
assbot: [HAVELOCK] [HIM] 4 @ 0.069 = 0.276 BTC [+] {2}
assbot: [HAVELOCK] [AM1] 1 @ 0.61 BTC [-]
dexX7: ThickAsThieves: are you in trouble?
assbot: [HAVELOCK] [LABCO] 317 @ 0.00057781 = 0.1832 BTC [-] {4}
jurov: dexX7: no, normal stuff
dexX7: thanks! :)
assbot: [MPEX] [S.MPOE] 1990 @ 0.00081962 = 1.631 BTC [+] {2}
assbot: [MPEX] [S.MPOE] 2400 @ 0.00081832 = 1.964 BTC [-]
KRS-1: looks like baidu jumped on bitcoin
assbot: [HAVELOCK] [LABCO] 500 @ 0.0005777 = 0.2889 BTC [-]
assbot: [HAVELOCK] [LABCO] 205 @ 0.00057031 = 0.1169 BTC [-] {4}
assbot: [MPEX] [S.MPOE] 4650 @ 0.00081832 = 3.8052 BTC [-]
assbot: [MPEX] [S.MPOE] 4396 @ 0.00082109 = 3.6095 BTC [+] {2}
assbot: [HAVELOCK] [LABCO] 300 @ 0.0005005 = 0.1502 BTC [-]
assbot: [MPEX] [S.MPOE] 3582 @ 0.00082142 = 2.9423 BTC [+]
assbot: [MPEX] [S.MPOE] 14043 @ 0.00082527 = 11.5893 BTC [+] {2}
mike_c: ;;nethash
gribble: 2421134.87775
mike_c: you'd think with all that power my tx would be confirmed by now.
assbot: [HAVELOCK] [CBTC] 6203 @ 0.00017994 = 1.1162 BTC [-] {2}
Namworld: Hashing power doesn't speed up confirms.
Namworld: So... no
mike_c: well, for a couple weeks it does
Namworld: Less than 2 weeks usually.
pankkake: ;;bc,stats
gribble: Current Blocks: 264500 | Current Difficulty: 2.677312494824211E8 | Next Difficulty At Block: 266111 | Next Difficulty In: 1611 blocks | Next Difficulty In About: 1 week, 1 day, 21 hours, 36 minutes, and 47 seconds | Next Difficulty Estimate: 322895975.073 | Estimated Percent Change: 20.60452
pankkake: 20% already!
assbot: [MPEX] [S.MPOE] 4650 @ 0.00083149 = 3.8664 BTC [+]
dexX7: gox has a new 6 month high!
Namworld: SELL SELL SELL
Namworld: 6 month high...
Namworld: ... nah
dexX7: end of april was 166.43
assbot: [MPEX] [S.MPOE] 7799 @ 0.000839 = 6.5434 BTC [+]
assbot: [MPEX] [S.MPOE] 166 @ 0.000839 = 0.1393 BTC [+]
assbot: [HAVELOCK] [CBTC] 1110 @ 0.00017994 = 0.1997 BTC [-]
assbot: [HAVELOCK] [AM100] 35 @ 0.0053 = 0.1855 BTC [-]
assbot: [HAVELOCK] [B] [XBOND] 215 @ 0.00121669 = 0.2616 BTC [-] {2}
assbot: [HAVELOCK] [AM1] 1 @ 0.628 BTC [+]
assbot: [HAVELOCK] [NEOBEE] 100 @ 0.0025 = 0.25 BTC [+]
assbot: [MPEX] [S.MPOE] 1000 @ 0.00089085 = 0.8909 BTC [+]
mike_c: mircea_popescu: you around? got a question about option assignment.
assbot: [MPEX] [S.MPOE] 725 @ 0.0009 = 0.6525 BTC [+]
assbot: [HAVELOCK] [AM100] 35 @ 0.0054 = 0.189 BTC [+]
jurov: mike_c just ask, there are more people with mpoe experience
jurov: http://www.reddit.com/r/Bitcoin/comments/1oqdoo/vault_of_satoshi_new_north_american_exchange_is/
ozbot: Vault of Satoshi: New `North` American Exchange is finally open Gold... Everywhere! : Bitcoin
jurov: "We've ditched the "Toronto Exchange" and totally went Global"
jurov: totally
jurov: first exchange with golden showers
jurov: inb4 mircea_popescu: mpex was first
assbot: [MPEX] [S.MPOE] 1500 @ 0.00089085 = 1.3363 BTC [-]
mike_c: jurov: ok. it says on the faq that options will be assigned proportionally based on how many contracts you have created.
mike_c: not how many you've created & sold.
mike_c: that feels.. open to manipulation.
jurov: *exercises* will be assigned
MTBmanTT: very :\
mike_c: right
mike_c: so, jurov creates 10 contracts
mike_c: for ITM calls.
mike_c: then mike_c creates 10 contracts and immediately excercises.
mike_c: 5 assigned to you and 5 to me? free money?
jurov: no
mike_c: well i would hope not, but i'm not seeing it
blastbob: vault of satoshi.. verified and secured by godaddy..
jurov: after you mkopt or split, you'll see in STAT an entry that you provided a collateral
blastbob: not touching that site
jurov: the record stays the same regardless what you do with the options
jurov: in the end of month, all exercises are put together and subtracted from all provided collateral
jurov: and rest returned.. and *this* is what get assigned to you
mike_c: right, that seems to be the problem. sorry if i'm being slow here. i'll provide better example:
jurov: so I pay for 10 exercises , you pay for 10 exercises and we both will get remaining part of our collaterals
jurov: no matter what trades happened between
mike_c: wait. these are american options, right? excercise any time?
jurov: yes, but books are made only in the end of month
assbot: [HAVELOCK] [DEALCO] 75 @ 0.00699989 = 0.525 BTC [-] {2}
mike_c: ok.. let me pastebin an example here and hopefully you can tell me why i'm not getting free money.
mike_c: and thanks for the assistance.
jurov: well, it's kinda my business :)
jurov: <mike_c> then mike_c creates 10 contracts and immediately excercises <<< you forget here that you have to put *more* than this into escrow
jurov: and in the month you will get assigned your part of *all* exercises, so no free money
jurov: *in the end of thwe month
assbot: [HAVELOCK] [AM1] 1 @ 0.625 BTC [-]
mike_c: ok.. so you are saying that excercising is no different from creating and immediately selling for just intrinsic value.
jurov: as opposed to what?
mike_c: creating 10 contracts + excercise = create 10 contracts and immediately sell to market bot which buys for intrinsic value only
mike_c: say yes and i think i'll understand.
jurov: yes it is the same, if anyone bought for this value. market bot usually buys for considerably less.
mike_c: ok. bit different than what i'm used to. so when you make the option, you are on the hook for the rest of the month, and there is no way to get out of that obligation
mike_c: i.e.: no way to get out of the trade
jurov: true
mike_c: got it. thanks again.
mike_c: even if it is your job :)
jurov: :)
mike_c: excellent, agreed. except you can't mkopt :)
jurov: i can, you just have to ask here or by email
jurov: after creation you can trade/exercise them online without problem
mike_c: yeah, but you are supposed to be the user-friendly mpex
mike_c: shouldn't i be able to do that on the site?
mike_c: er, to be clear, you ARE the user-friendly mpex.
mike_c: but not for MKOPT
jurov: yes, you should be able. but mpex interface scares me and there wasn't much demand, so it's not ready yet
mike_c: hehe
mike_c: i think that demand will follow user-friendly tools.
kakobrekla: once you solve a problem, a demand to find a solution to that problem can only go down
mike_c: i would say that the demand is already exhibited in volume at the other exchanges that are easier to use
mike_c: and that demand could be redirected to mpex (through coinbr)
kakobrekla: which exchanges is that exactly?
mike_c: havelock, bitfunder. but this is the part where you say they don't have any volume?
mod6: whats scary about the interface?
kakobrekla: i think its the lack of css
mike_c: hey, you obviously agree. bitbet doesn't look like mpex for a reason.
mike_c: b/c it's aimed at "consumers"
jurov: mod6 i mean the interface from programmer's view
kakobrekla: sarcasm doesnt translate well over irc
kakobrekla: mike_c not that far apart either :)
Apocalyptic: <kakobrekla> sarcasm doesnt translate well over irc // oh it des
Apocalyptic: *does
mike_c: i don't agree with you.. demand does not have to exist before the product.
mike_c: the product can create demand.
mike_c: or, rather, let's say that the demand is for gambling products for BTC.
mike_c: and an easy-to-use option market fits the bill.
mod6: ah. i felt like it was pretty easy to interface with programatically
jurov: mod6 let me walk through how easy it is
jurov: 1. mpex happily accepts your order
mike_c: and done :)
jurov: 2. you call statjson, but no change
jurov: 3. next statjson, only balances change
jurov: 4. either your order appears or trades or both
jurov: and some trades have tracking info of your order and some not
mike_c: no no, discrepencies are resolved in sub-second time!
jurov: so they have to me matched by time/price
jurov: all this happens in seconds (and when mpex had a problem, even minutes) span
mod6: oh, hmm.
jurov: so it's very easy for multiple orders to be mixed
mod6: i've never had that issue, but i'm not managing like 6900 peoples orders either.
jurov: you see
mod6: actually, i think we've discussed this before. i've just forgotten.
kakobrekla: do you do lot of manual fixing?
jurov: not since tracking was introduced
kakobrekla: cool
assbot: [HAVELOCK] [LABCO] 2120 @ 0.00045462 = 0.9638 BTC [-] {5}
mike_c: while we're on the topic.. shouldn't assbot report on excercises?
mike_c: seems like useful information for the public at large.
assbot: [HAVELOCK] [AM1] 1 @ 0.62899998 BTC [+]
kakobrekla: im almost positivley sureish it does unless sub 0.1 btc vol or something
jurov: orly? since when?
mike_c: google doesn't seem to think so
mod6: i don't think it does report exercises, although it could be hard to tell... does the CBOE or others report that information? or does it just effect open interest?
mike_c: https://www.google.com/search?q=site%3Alog.bitcoin-assets.com+excercise
kakobrekla: since when what
mike_c: well, that would be the only way to infer open interest
jurov: since when assbot reports exercises
jurov: afaik it did for BTC-TC only
jurov: not mpex
kakobrekla: ah right
kakobrekla: you talking btc options
mod6: i've personally never seen it report any exercises.
jurov: mod6 it reported them as trades with strange prices
kakobrekla: well talk to mp to post it
mike_c: post it.. in the recent trades?
mike_c: like, the rss feed?
kakobrekla: post it to me and ill chan it to assbot
mod6: i suppose it could be that assbot doesn't report sub .1 btc though. so that could be part of it.
kakobrekla: mod6 #bitcoin-assets-trades does not have such filter
mod6: ahh. im in there, but don't watch it nearly as close as I used to.
assbot: [HAVELOCK] [AM100] 100 @ 0.00546558 = 0.5466 BTC [+] {4}
mike_c: ok, here's where i contribute instead of nag: jurov, i believe the mpex market bot does price its orders very close to intrinsic value.
mike_c: http://mpex.co/?mpsic=O.USD.C140T
ozbot: O.USD.C140T last 200@0.14768654
mike_c: ;;calc 1- (140/153.7)
gribble: 0.089134677944
mike_c: buy price is almost exactly intrinsic value of the call
Apocalyptic: mike_c, so no premium ?
mike_c: i believe so
Apocalyptic: weird way to price options
Apocalyptic: unless you're close to expiration
mike_c: well, not if you're a buyer and don't want to lose money :)
jurov: hmmm... this means mpoe thinks it will be better off when they autoexercise
jurov: interesting
mike_c: keeps the algorithm simple for what to do with them after buying.
jurov: afaik bot does nothing special with bought options... it just calculates its exposure, prices and if it looks okay, puts orders online
mike_c: are you sure about that? because it seems like it would be easy for it to just have orders up at intrinsic value and just immediately excercise after buying them.
jurov: since the bot is part of exchange i don't see who would profit from that
mike_c: nobody profits from it anyway..
mike_c: if i am holding an option, it does me no good to sell it to the bot at intrinsic value
mike_c: i might as well just excercise
jurov: perhaps it's just there so that you can check what the value is
jurov: goodnight all
assbot: [MPEX] [O] [O.USD.C125T] 8 @ 0.24 = 1.92 BTC [-]
assbot: [MPEX] [O] [O.USD.C146T] 10 @ 0.13 = 1.3 BTC [-]